However, it is good to get the basic knowledge to avoid the most common mistakes.

The lender will want to know that you are clearing enough in NOI to more than cover the principle and interest of the loan payment.

If the buyer doesn't have an agent, I would guess that you'd probably at least be able to at least come to an arrangement with your agent to take a reduced commission, since otherwise they would be basically getting a double commission for very little work.Also, just bear in mind that if they do make any of these adjustments for you, they are doing you a favor.

Basically I can benefit from any information that is given.

It just seems a little unfair to make such a broad statement such as 99.9% indicating you've basically never met an ethical realtor.

With your balloon payment at the end of 8 years, is it the matured value of the note - principle and interest already paid or is it just principle?

He has the cash and I have basic real estate education but no experience nor much cash (for now).

I would like any advice or help basically knowing as to where to start with my wholesaling adventures.

If I were to use hard money, I'd basically borrow the money and then pay that company back with the refinancing, which is still a loan.

A lease option is (basically) a lease with a really large down-payment, during which time the lessee may elect to buy the property for a predetermined amount of money.