I set one of these up for a non-real estate business entity and there were a couple things I wish I had considered.

First, I'm not sure how I could market the property in a way that wouldn't deter non-subsidized renters from looking at the property.

In addition, make sure to have an assignment page that will cover you that will have options for you to accept a non-refundable down payment and having a clause for reimbursing you as an assignor for any costs you may incur while placing the property under contract..i.e earnest money or option/due diligence fees.So, if you contract a property with a seller you'll have them sign your contract, an investor buyer sign the assignment page, and place a non-refundable down payment with you to secure the deal.It would be a good idea to create a relationship with a title company or closing attorney that has investor experience to hear what advice they have for you.

SInce most contracts will have a non refundable option fee.

I work full time in a student activities office at a large, public university in the Northeast and it just kills me to see what the university spends its money on.

I once bought a non performing note with a face value of $60K for $5K.

There may be some benefit here if I donate the property to the Non Profit Idea we were discussing on another thread.

When a FHA loan is considered the credit of the non-borrowing spouse is pulled and their debt and income is also considered in making a decision.

Your local laws will determine what measures you would be required to take should the present occupants choose not to move.That's a good point Steve, it does have a 6 month window for a valid written lease unless it terminates prior to that 6 month window.....but, now I'm wondering if it applies to any buyer or non-owner occupied buyers, as many states allow a lease to be terminated if the new owner intends to occupy a property, and there could be relocation expenses as well.

Hello BPI want to know how I can use my county's public records to find out who is buying properties in my area, so I can contact them and put them on my buyers list?