thank you @Mardochee Pierre very much although i do plan to flip it for a profit i would like to live there a year or two and make it a vacation rental when I'm not there and really don't want an inland house although i do notice a majority of the waterfront homes are actually just on a canal and there is the whole hones beech long beech rockaways etc... acting as a wall in my opinion.....mainly could you perhaps recommend an experienced inspector that could assist me when i visit the open house... they do provide all sorts of inspections and property information but i just don't trust them after all the whole thing is organized by some 3rd party company making a profit off the 6% commission at the auction so obviously they could be less than truthful... also any information from the state which owns the homes at this point i really wouldn't trust because i know the state can say one thing and than a local town official could come around and say oh no no you need to teat that house down etc...

We noticed how very inexpensive it is to purchase there, yet the cost of living very high.We spoke to a relative who lives over there who also rents out a place and hires a property managing firm that ensures the rent is paid and all is in good condition at a very reasonable rate.

I have just started using the website and I noticed that I'm already learning so much.

I know most loans are streamlined into Fannie, Freddie, Ginnie..

I noticed you mentioned freedomsoft.

Also if down the road you think it is not going so well consider after the initial lease put her on notice with a month to month agreement. 

 @Brian Gibbons - I notice that appreciation was only included in rent to own not lease to own.

Not able to get the search site here to function so didn't notice there was a blog on it.Is there really a 5k fee?

I understand that you need to then find an investor buyer to assign the contract to but I have noticed some mention of having to send the contract to a Title agent or having it in escrow.What is that process and what is the meaning of escrow?

One word title is not likely to be noticed or attract attention, especially when you add to that fact that the one word is misspelled.