I understand with your method I'm theoretically better off because I can keep the entire thing, but I can imagine a tenant who is not able to exercise his lease option may be a bit disgruntled and thus, tempted to trash the place on the way out.

I also delete around 10 new users a day, so you can imagine our membership number would be considerably larger as well.Again, thanks for the support guys!

A sole prop provides no asset protection.I can't imagine to many accountants actually suggesting a RE investor should use a sole prop.

:)I can't imagine a title company caring if you legally assign a contract.

If you "feel threatened" now before you work with them, then I can't imagine how you'll fee when you do.

The difference is that it is an accepted practice there.This seems to be more common than I ever imagined.

I'm imagining that it would be 0% interest priciple only payments to keep it simple.

I cannot imagine anyone else thinking that the fairly uniform expectation of a 3% commission is the result of a normal free market competitive system.

In other words, if I were to get a loan after saying I was going to pay cash, legally the bank can terminate and keep my earnest money.Now, that said, I don't imagine a bank would want to do this, both from a loss of revenue perspective and from a negative public relations perspective, but if I read the addenda correctly, it appears they do have the right.This is the reason I put the stipulation in my contract.

I imagine it will take several years to actually nail these issues down so that ground rules are understood by all concerned.