So we teamed up, (My whole family is in the construction industry) I am doing the physical labor and they are the bank.

If you give free rent for some time period, the place is physically occupied, but not producing any rent.

Of course reviews are important but they won't make you a bestseller.If you have built a following here's how you achieve high sales velocity when selling a book: Offer a 'buy the kindle version and get a physical copy for free' promotion.

There's no substitute for physically driving/walking a neighborhood and personally seeing it's housing inventory when it comes to really learning a place. 

Do you have a property checklist that you use when going over the physical aspects? 

I probably getting overly excited but I figure this could be a good exercise for practice.It's a SFH, one story 2BR/1Bath, build in the 50s on one acre of land in the DC metro area.

Up front, without taking anything about the physical property iteself, I'd want to know:Exactly what liens are on the property and for how much.How much are they behind on their payments.How much time do they have before the place is foreclosed on.Their motivation to do anything about it.You can't lose anything by contacting them!

You probably won't have to go that often, but just in case, you don't want it to be something you resent or physically can't do. 

Hey @Orion Walker great thread you have going here and excellent exercise if nothing else.

Let's say the T/B exercises the option to purchase after 12 months, can I pocket that $3K in the beginning of the lease agreement and then the remaining $97K is financed?