Hi Josh, My intentions are to do a double close, but it is a bank owned property.

Therefore there is no "once saved, always saved" as some would have us believe as we have more than one example in the scriptures of those who used to believe and have since been decieved.You may have misread my intentions here as I used the "negative" approach to prove the positive.

If so, if you buy at the right price, you really shouldn't have a difficult time getting buyers, if it really is a deal.As far as your purchase agreements go, having a financial contingency clause in place stating that the offer is contingent upon you (the buyer) securing financing from xyz lender should be suffice.What that does is it lets the seller know upfront that you will purchase based on you securing financing and that your not hiding anything.You really do want to go into each deal with the intention of closing it.

They already have it for all intents and purposes, throguh county hospitals and the like.

Any of that good stuff that its sole intent is to build your buyers list... is illegal lol.The thing that seems to be the illegal thing to do, is to get a persons(supposed buyer) and add them to your documents, file, rolodex..

It's a great deal if you're intent on financial suicide!

The intent is that you are going to live in the home as well (at least during the rehab phase)Since I am still starting out I figure this would be a good way to get some experience without as much risk as trying to flip a regular property, plus I can actually qualify for financing.

In the last 2 months we received 2 unsolicted offers in the $800 -$850K range, although our home is not on the market and we have no intention of selling.

Make sure, that is your intention, and follow through as such.

I have absolutely no intentions on taking H1N1 Vaccine; and I suggest others to follow my lead.