A negotiator is involved who receives a commission if we reach a deal with the lenders.I just received word from the negotiator that the 2nd mortgage company accepted what the 1st mortgage company offered them.  

Here is what it says:"Upon any failure of Resident to occupy the Premises for the full term of a fixed term tenancy, for any reason other than as provided in ORS 90.453(2), 90.472 or 90.475, Owner/Agent may charge Resident either:---A)all of the following: i) all rent, unpaid fees and other non-rent charges accrued prior to the date that Owner/Agent knew or reasonably should have known of the abandonment or relinquishment of the Premises; ii) all damages relating to the condition of the Premises; iii) an early termination fee in an amount not to exceed one and one-half month's stated rent and which is due on the earlier of the date Resident gives notice to vacate or the date the Premises is vacated; iv) interest on the above amounts at the statutory rate from the date each was due, and v) all other amounts due at the times specified in this Rental Agreement; or prospective buyers or B) all actual damages resulting from the early termination, including but not limited to: i) repayment of concessions; all rent through the earlier date the Premises is re-rented and the lease termination date; ii) advertising and administrative costs to re-rent the Premises; iii) concessions given to re-rent the Premises; iv) the difference in rent if a lower rental rate is received from a replacement resident during the remaining term of the original Rental Agreement; v) damages related to the condition of the Premises, and iv) interest on all amounts at the statutory rate.

I am amazed at the e-mail I just received from Prosper (text below).  

Thanks for all of the virtual advice I've already received from many of you...

u can not require in most states for tenants to do maintenance only to keep neat and tidyI offer a base rent -0 per cent above market and an early "on or before rent due date received" payment discounted rentNot a late feeIf you do NOT enlist in a mortgage qualification coaching service and leave the tenant to procrastinate on get loan pre qualified, in 30 years of doing lease options I see the tenant not being successful at getting a home loan

I contend that for some properties, curfew like rules (e.g. regulating unattended minors) as spelled out in Figure 6-6 may be well received by tenants.

If it's a bank they could get a much better return on the money if they received the proceeds from rental income.  

Different auctions have different rules, but typically, you have to present your cash immediately, or at least within a few hours (maybe 24h, if you are lucky) to complete the deal.  

Gotta love texas (for flipping) as it is non disclosure.I have found that if you are dealing with a typical home, in a typical neighborhood that zillow values are a very good guide.

Hey Ali,Sloped floors are typically from either the foundation settling or beams/joists damage.