Depending on your state law, that amount could be as little as $10-20.Then, once you secure or control the house with your option you want to sell that house as fast as you can so you can get to your fat 5-figure pay check.

Based on this and recent sales I figure the home to be worth between 75-80k.

Figure the amount you can borrow using the money you have at 10, 15 and 20% downpayment.

My RE Attorneys bills are quite alot, so I have to figure out what exactly to ask.Thanks for the input!

I'm just trying to figure out if it would be too expensive to be profitable; will have to run some serious numbers to decide.

If they have time to look around and your rent is fair they will figure out it's better to stay put.

Find out what property management companies use for those figures.

I figure I walk into a lawyers office and read the contract if it says anything I do not understand I will not sign it and not pay.

And they aren't close to being done, they started taping and floating last week and figure they'll lose money on it!

The market where I live is pretty slow so I figured a good selling point may be to offer owner financing.