You do not have to try to get them under contract, you could refer them to another investor in your area and receive a referal fee.

I'll sometimes offer to pay a small fee to help with moving expenses if they can be out soonner - what's typically known as cash for keys.If they are not receptive to any of this I have no choice but to start the eviction process.

Wouldn't they make more money off of it that way, as opposed to a commission fee?

The way I understand the short sale deal is that their lender agrees to take 150, 000 for the house instead, to save them time and hassle and fees for auctioning the house off.

Question Jon what if i was to mortgage out wouldnt i be able to cover, holding, rehabbing, laborer fee etc.

., make up the back payments and fees, the property will be sold at a sheriff's auction.

As Wheatie said, you must keep the standard residential lease completely seperate from the option, and also take as much as you can up front as an option fee.

Depends ho you set iy up to pull the rehab money out, Hard Money will probably do their own inspection and their fee's are hefty.

(first and second Trust Deed + fees or less?)

But some investors have given this a bad name by just accepting anyone and collecting option fees over and over again.