Supposedly the buyers will contact the listing agent or whoever owns the web site the listing appears on.

If the reason stems from something else (like the criminal record check, for example), you're supposed to just tell them you're going with another applicant, and leave it at that.

I received a 1 page LEASE OPTION AGREEMENT MEMO, that is supposedly used by Angelo Russo's Avalon Escrow company.

With these numbers, is the loan not to exceed 90% of this amount, for example (ie 90% LTV), or are we supposed to somehow prove that we have at least 10% of that amount in cash/liquid assets on hand (say $160k).Both myself and my business partner have enough cash on hand to cover 10% of the loan, but if possible, we do not wish to have to put this into an escrow or transfer the cash for various tax reasons.

I have been using that for years, and although there are supposed to be things that Excel can do that calc can't - I have yet to encounter that.

Remember these are non owner occupied rentals that are supposed to be condos.

HOA will (supposedly) will take care of the outside.

And this is a prime reason why the majority of people who invest in real estate fail from the beginning by paying too much.It only takes one bad tenant, a long vacancy, a roof, a furnace (you get the idea), to wipe out years of supposed cashflow at Rents - PITI.If you're considering a buy and hold strategy, real estate is a very long term investment, and buying at a price that at best, suggests a positive cash flow is critical.

I pay him the first $1500 of my share as tuition for his teaching me.He supposedly has a list of 1500+ investors and has been doing this for about 20 years.Is this a good deal?

At that point the county post the info in the news paper and it goes to county court (2 1/2-3 months) which in that case it goes to auction at the county steps (supposedly) if nobody buy its at auction (which in my experience nobody ever does) then it becomes your property.