The way listing a home typically works: - Seller Broker signs a listing agreement with Seller. - Seller agrees to pay 6% commission to Seller Broker. - Seller Broker places the home on the MLS and offers Buyer Brokers half of the commission (3%) for finding Buyer. 

The condition we typically use allows for a concession of 3-months scheduled rent if a unit becomes vacant between the acceptance of our offer and Close.That said, when you collect estoppels during diligence, most "irregularities" between information supplied by the Vendor and the tenants' views will be exposed and you can simply negotiate a resolution at that time.

My friend has consulted attorneys and received conflicting answers. 

I'm looking for suggestions about which types of tenants I might target, beyond a typical family, for this situation.

I received an over the phone consultation from someone I shall not name. 

Rob, sorry you haven't received a response from anyone here.

Higher ROIs are typically  in tougher areas (say Gary).

Typical procrastinator.

Irony of ironies that folks using hard money loans are paying for their own possible foreclosure, but this is also the reason that frequent repeat customers of a hard money lender typically pay less in points as the relationship progresses.

Hi Everyone,I'm hoping for some guidance b/c I've called several mortgage companies and haven't been able to receive helpful info.