I am told that the first attorney they went to wasn't able to help them and that he/she referred them to another attorney who specialized in this type of deal, but he wanted to much money so they decided to just pull a generic contract off the internet (I do not yet have the contract in hand or I would post it).Some big concerns I see with this.1.  

If so, I belong to a (free) private investor group that communicates over the Internet.

It has everything you need including free online videos and courses for you to watch and learn from.

Go on line I'm sure they will give you direction there.

I am considering the online courses offered by MetroBrokers Academy (http://www.metrobrokers.com/academy/online-courses).  

Check the classifieds, internet postings, driving around, dealers, local repo people and let them know you are looking for a home.

Then hit the internet websites and see if there are any recent sales to estimate current market value.

We are both very interetsed in real estate investing and just starting to educate ourselves Via Books, online engines such as BP, and we recently attended Than Merrill's workshop in the city. 

@John BlytheYou are way ahead of the curve already by asking this question on BP.I stared with $500.00 in the 1990s and began buying unwanted rural vacant land and selling it on the internet for twice what I paid (each deal).  

When I look online I see nearby duplexes that have sold at a price that would substantiate my value in the $180k-$200k range.