Finding a great buy is extremely important to me and I have been waiting for Summer's high prices and demand to go back down a little before I really start looking.

And from my limited understanding the cfd is favorable to the seller as they keep the title so if and when buyer defaults seller doesn't have to get the title back but apparently in judiciary states a foreclosure is still required.  

Hi BP,If I was to line up a TB for a seller in a Wholesale lease option setting what costs would i be looking at for a contract review by an attorney, a review of TB applications (by whom...??)

I believe the standard contract says the contract is assignable with permission of the seller.

We haven't had the inspection yet, nor have I verified the seller's rent roll or expenses other than property taxes.

Yes, this happens and naive sellers fall into this pit frequently & easily. 

Seller is calling for best and final offer (multiple offers) and I am going up to 61K.I have gone above asking before but never more then 1000.I know the street the house is on very well and ARV is easily over 100 and it needs about 20K worth of work. 

Use them to present to your sellers, or buyers?

Been at this a couple of years...talked With a number of sellers...they all seem to think I'm nuts when I get to the part about my offer being 60-65 cents on the dollar...is this realistic?

Here is the backstoryMy wife happened to drive by and found the home directly after the sellers agent put the for sale sign in the front yard.