I actually do like the lease option method better but I think it would be beneficial to know how both work.

The current seller would have grounds for damages but will he actually sue?

I don't know many people that actually save money in different little buckets like that every month but you should at least be aware of what's looming and have a plan in place to deal with it. 

I have also gone through various posts and online but I havent been finding the actual numbers gameIs there a specific value calculator like Bob talked about?

to be an actual fix and flip investor / business  its quite capital intensive.. and just a down payment is just a drop in the bucket of the capital required.your best bet is to put a little private network together if you really want to do this.or get your license and specialize in finding these types of properties for fix and flippers.. make a commish selling it for them.. and then the list back.. that's what agents in our market here do and they will knock down 250 to 500k a year no sweat in commish with no risks of borrowing money or a flip that did not work.

This strategy seems to help with better money in-pocket for me, and actually was nearly the same exact rate of return for them when I run specific numbers.  

Phillip, they had no actual requirement on the timeframe but capped the loan amount at 70% LTV.

Your contract means nothing if it is not with the actual owner.

I am actually new here and came across this  post and had a few questions for you in regards to using (auction.com).

Alot memories that i didnt want but had to be hit in the head to actually be able to see.