http://www.kw.com/kw/shift.htmlhttp://www.amazon.com/The-5-Essential-People-Skills/dp/B000FCH3SUhttp://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034/ref=sr_1_1?

Fix and flip projects are essentially where I'm investing right now, so definitely a suitable option for me.

And they could retain the listing if you don't end up selling to the tenant.If you maybe need help doing the paperwork you might offering to pay them $100 per hour or something for their help with this.

There has been license address change cards sent to the house, gym membership paperwork and even his car title.

Yes, it does require a little more paper work with the FHA, need to have the 203K Consultant involved and handle inspections/appraisals and such, but the fact that I can get into a property, have up to 6 months of mortgage payments included in the cost of the loan so that we don't have to worry about double rent/mortgage payments, rehab my primary residence the way we like it, save a 1930-1940's era farm house, and then refi into a conventional cash out mortgage later on and use that equity to go buy rental properties.......nice way to get started, without having to put up a lot of cash or live next to tenants/in town (I'm a RURAL kinda guy).

What legal documents do you typically use with sandwhich lease options.I had my lawyer write up documents for wholesale lease options, but how will the paperwork for a sandwhich lease option be different?

There are so many tidbits that are essential for you investing strategy.

Essentially you are helping out with miscellaneous errands and learning in the process.IMHO, It is very unlikely that you will find an investor to fund your deal if you have never done a rehab and do not have any of your own funds in the deal.I am not trying to rain on your parade but just want to prepare you for some of the challenges of getting started with no funds and no experience.Keep asking questions and you will find great assistance right here.

2 - Going FHA with 3.5% down and essentially repeating scenario 2 but having a permanent cash outflow for PMI.

I am not sure what the rules are these days on borrowing a down payment (essentially a second mortgage).