So, basically using insurance and the IRS to help subsidize my risk :)2.

It was definitely a buyers market at the time.

The market is changing a little to more of a buyers market.

My basic understanding of this is that you get one loan for 80% of the purchase price and another loan at a higher interest rate to cover the down payment and closing costs.

My lease also says I am authorized to show it to potential buyers or renters with proper notice.Some tenants fight this and I typically let it go because I know they'll sabotage any showings anyway.

Essentially the seller agrees that $X will come out of their check at closing and go to cover your closing costs at closing (debit Seller, credit buyer).

Sellers will give an advantage to pre-approved buyers over other buyers who are just kicking tires.

Basically, just trying to get a clearer picture of what we actually do is a Make Ready or a Rehab or both and are we in the right price range for what we are doing.We have done over 70 apartments in 2.5 months and want to be sure we are charging the right amount for the work.

@Nicole WalleyYou can either download a generic (fill in the blanks) state form or have a buyer agent process it for you.Here's one that the State Florida Realtors have approved.http://www.olympiatitle.org/PDF/Real-Estate-Contract-for-Sale.pdf

So basically Like said in reality probably no one bids and you end up owning the house subject to the first..