If they do not get the mortgage to buy, they are up to the mercy of the Seller to evict or extend lease only or redo the lease option.Please do lease option for 1 year, with 2 x 12 month extensions.BTW, this technique of Lease Optioning then Assigning, is called Cooperative Assignment.These "CO OPs" can be done with Land Contracts as well.I like them for "skinny" deals.

I'm learning that tenants get a very fair share of rights in NJ and that evictions can extend many months (the worst I heard of was six).Has anyone determined the optimal/quickest way to get non paying tenants evicted.By this I mean:- up front screening (credit/employ check/crim. bg)- stronger lease clauses- security deposits, etc- tactics- lawyersIf anyone has devised a process for minimizing eviction time and lost rent I'd like to hear from them.Thanks

If you are cold calling people and asking them to spend time on you, then unfortunately you will have to come up with SOME kind of way to prove to them that you are not yet another guru groupie that went to some bootcamps and now wants to invest in apartment buildings with money he doesn't have.

I've been off board for awhile due to spending Holidays in Cancun.

Spend $70K for the RE and $20K-$25K on the rehab.

Doug, you need to start right now, everything you need to know is right here on the forums, spend a lot of time here and learn all you can.

Obama is planning on spending even more money to "jumpstart" the economy . . .

The trip has been a little extended.

I've already told her that in order to find a deal you've got to be willing to spend TIME out there and to be pre-approved.

The Option Period may be extended for an additional period of time for the purpose of obtaining said approval(s) with the consent of both parties.