I recommend that you stay away from corporations and partnerships because you are now locked into a combined entity and it can complicate your exit strategy.

I myself have been looking into using options b/c if the deal doesn't go through, then the consideration money stays w/ the seller and you go on to your next deal or extend the time.

This is your best bet for staying in your house.

Once we adapted this approach, we found out we could buy deals cheaper, our rehab people rarely went over budget, and the houses rented fast.

Born and raised in Northeastern PA, this condition has prevented me from staying with any single employer for very long, and has led me to believe that the only way to get to where I want to go, or at least the most practical way, is involved with real estate investing.

How long do you plan to stay in the property and do you have more funds to fall back on?

This gives them the chance to stay in the property and everyone is happy, so however you do it is up to you just make sure everyone is happy about the deal!

If it stays on the market long enough I may have another chance to make an offer.

Also we are charging 850.00 for rent and they want to stay for another 2 years, their lease is up in Dec.

Question 3: Would it make more sense to wait and try to pick up REO's at final auction or should I try to make aggressive offers and just stay in touch?