Whatever you do, DO NOT sign up of any kind of lease or power purchase agreement.

Quote from @Donna Givens: I am wanting to purchase a turnkey RAL property and need help finding funding source for 10% of the project. 

Whether you’re using hard money, private lenders, or a combo, understanding who funds both the purchase and reno (and under what terms) can make or break a deal.

I am looking to purchase one in Destin, Florida and am curious if anyone has done this before.

But pre-foreclosure is where creative deals happen.This is the window where you can: - Help a seller avoid major credit damage - Stop the foreclosure clock with a signed purchase agreement - Offer a quick, clean solution without them having to list or show the propertyTiming and follow-up are everything here.

I would not count on that 10-12 month figure.With that in mind, if you want to buy it, you can buy it now, pay off the taxes, and they can owner finance the balance of the purchase price. 

If you have a purchase contract - what were the terms?

I am also up about $1m above purchase and rehab costs.i use total return to determine the quality of an RE purchase.  

Purchase price: $65,000 Cash invested: $65,000 Purchased with a cash out refi on my original primary.

Why would my buyer sign contract without it going through title You have a signed buyer's representation agreement don't you?