And then when they fail to perform as promised for you in your partner, you'll be the next bad guy.

I won't do much to the house unless something comes up on the inspection except for taking down a wall (non-weight bearing) that someone built in the garage.

Good wholesalers are worth their weight in gold.  

Without fail, things will crop up at the most inopportune times.Start looking into areas you'd be interested in buying.  

Here is the type of wording we use in an addendum to our contracts if we presell a house:In order to compensate the seller for the items and finishes that may need to change should the closing not occur because of any contingency in the contract, the parties agree that there shall be a separate deposit of $20,000.00 which shall be non-refundable to the purchasers should the transaction not close.These funds are not earnest money that is in any way refundable to the purchaser should the contract fail to close.This means if we give them allowances to pick out lighting, tile, etc. and they pick out items we would never have picked and the house doesn't close -- for ANY REASON (loan doesn't go through, appraisal too low, they simply change their minds, etc.), we get the $20,000 so that we can then do the house as we see fit.There are many other pitfalls you must pay attention to when selling early, but none as important as this one.  

I weight great rental history and employment history much higher than credit.  

He/she failed at their job.Upen PatelMortgage Banker, VA Loan SpecialistNational Lender, Federal NMLS# 1374243

I save PAW scale (Millionaire Next Door, for those not familiar).My Fail-Proof Plan for Early Retirement: 1.

In the end I paid more for weight overage.

-Should the current owner take a lien on the property behind the mortgage in case the Investor fails to pay Owner for the mortgage?