The amount that you will actually receive, in a partial loss, will be arrived at by multiplying the claim value by a ratio, with the ratio being: insurance amt divided by (80% of replacement value), assuming 80% is your coinsurance percentage.And guess what, the likelihood of a partial loss is many times greater than the likelihood of a "full burn down".This is how it has been explained to me.

Did the loan broker verify pay check stubs, look at tax returns, pull credit and look a t debt to income, did he explain to the buyer not to change their financial position and so on.

I'm not seeing how this arrangement does not transfer an equitable interest in a property, but maybe I don't understand enoungh of the details of this deal.Here is my blog post on BP on the Lease and CFO subject.http://www.biggerpockets.com/blogs/3/blog_posts/26565-a-contract-for-option-is-better-than-a-lease-optionFeel free to PM me, and calling is easier to explain things.

Intros like that definitely explain while software engineers secretly rule the world.Oh, yeah, as a matter of fact, I'm a pilot also... in my dreams!

I would also suggest you pick up J Scott's two books....Marty's book and J Scott's books really explain the whole business model of flipping very well with good examples from their different markets....

It's usually because we either aren't explaining it well, or (the more likely scenario) they're just completely inexperienced with wholesalers.It wouldn't hurt to call around to a few different title companies and tell them that you need to do a double closing with "single-source funding" (not transactional funding).

When you are ready, a good accountant who is willing to explain things can be invaluable for you to learn from.Just my experience.

@Lauren LucasHere are some things I look for:1) Willing to spend time LISTENING to you, not just talking about themselves.2) Willing to explain things and answer questions.3) Reasonable scheduling.4) Not talking down to you.Here is what I try to stay away from:- Contractors who can't come out and quote you because they don't have enough money to put gas in their car.- Contractors who insist on payment in full BEFORE you do the job.- Contractors who have a criminal record.

Explain that most any investor may have the same issues.

But, I have to go to bed, I hope I showed you what I was trying to explain to Trevor.