I dont know what the 1 percent or the 2 percent rule please explain.

Again, knowledge guides fair negotiations, show the same comps to the seller as you would a buyer, to the buyer you'll need to explain why those homes are different and may not command the same price and explain your role and what you charge as a profit.

I would like to hear the verbiage used, learn the legalities, objections, etc.

I would start with the county/city and ask the department of revenue who is currently liable for the taxes (a clerk may have more up to date information than the website) and they can probably also explain exactly how the tax debt will follow the property.

I explained that they both won't be necessary.

It's free, and will explain other metrics you can use to evaluate properties.Also take a look at the Real Estate Deal and Analysis subforum to see how people analyze deals there.

He called me last night and explained he doesn't think it would be worth a legal battle with her for not much reward on the property.

Make sure you are honest with the seller and put it in writing and explain to the seller you are only interested in selling your contract not the property.Joe Gore

@John White,When you say double closed you need to explain that you will not be using the end buyer's funds to close the A to B transaction.Joe Gore

We gave each of them a welcome letter the day after closing that explained who we are and how to contact us (phone number and where to mail the rent).