What Documents Needed & How Do I Tie Up This Property?

[Chip Brault]

Hello,

Can someone with experience help me out?? I have a situation.

So- I have a small home that the owner is wanting to sell on lease option terms for only $200 a month. I want to tie this property up, and do rehabs etc and then resell or rent it out.

My question is, how do I make it legal by giving him my payment of $200... then what are my rights? What can I do to make sure the work I do is worth my while? And reselling to new person etc...

My question: How do I properly take it over legally, and what documents are needed, and where do I get them?

Thanks!

Chip :)