I'm just getting involved in the market and don't agree with the typical terms, but in Orlando here is the standard:1) $2,000 deposit2) Non-refundable3) No inspection periodSo, as you can see, you really have to do your due diligence and know your stuff when dealing with wholesalers.

I have heard alot of things over time such as "artists are typically the first to move into the area".

You would typically get a check for your cut from the title company.

I know in North Jersey you needed a lawyer to do a closing but a realtor would typically be doing the selling.

Typically, you would need a 25% down payment for a NOO loan.

After 2 years, you have a choice... you can either refinance your FHA into conventional (NOO will typically only loan to 75% LTV) and do another OO FHA... or you can buy your next OO place conventional (typically 20% down) and leave your funding as is on the 1st place.

Buy what meets your needs and budget.Keep in mind, too, that a lease option does typically involve some down payment.I don't see where anyone would be interested in a partnership where you're living in the house.

Say for a $100,000.00 single family home what is the typical timeframe for paying back the loan?

If they blatantly lie about their transactional history... run.What you've described sounds like a fairly typical agent, and the listings and docs she's sent you also sound fairly typical.Your skepticism of these basics tells me you're fairly new... so I would start with more research before proceeding to buy property.

Dale,There is not a defined holding period requirement for a typical transaction.