The legal consultations, PPM/subscription agreement, etc. will cost you thousands upon thousands of dollars alone, which is why syndication is typically used for larger deals that can support the cost.3.

In a land contract you don’t have title and a loan, you have an agreement....it’s not a refi, it’s a purchase.

He has no rental agreement and has not paid one dime in rent.

Finally, I collect completed applications with photo ID and trans union smart move. 

The 2nd , 3rd, etc. tenant placement fee should not be paid, or a refund of the original amount should be due.One way you can hedge your bets on getting a good tenant is that FINAL APPROVAL of a prospective tenant must go through you, the owner. 

I don't see where you took vacancy loss into consideration for your final loan. 

Worst part is if the seller can't perform repairs someone has to before it sells... of course you're not going to do that nonsense if you don't have equitable interest in the property... so you might have to write up a master lease agreement between yourself and the seller with an option to purchase after repairs are completed on your end.

Thanks everyone,I have it rented now, it only took about 2.5 weeks after it was finally listed on Zillow/ Trulia/ Hotpads.All those are owned by Zillow, and it took them a week to finally get back to me and turn my listing back on.I tried Realtor.com as well but only ever got a few leads from it.I think CL brings in too many tire kickers who waste my time or never show up to the showing, that's my experience in the past.However this time I had the same issue with Zillow, I think it was my wording in my email responses.I will be at the house Thursday 6-6:30, please confirm you will be able to make itI had a lot of confirmations that never showed, I guess I made it seem like I was going to be there anyway.After a week or so of that I changed to responding with a phone number and a couple of days that were available, asking them to call and set up a time.

Do you have a written lease agreement?

After getting married and starting a family, I finally renovated the home, sold it, and bought a new home in the suburbs.