Plan of action regarding lease-option sandwich

[Mark Kindy]

I've put together a sort of list of how I think I should approach lease-option sandwiching. I'm starting scouting tomorrow, and just wanted some feedback on this process:

1) Look for houses for sale in the area
2) Determine sales prices, what prices I'm looking for, what it should be based on the area
3) Determine which are for sale by motivated owners
4) Figure out the paperwork necessary, how to do the paperwork, necessary to structure the deal how I'd want it. (lease-option)
5) Approach motivated sellers, make offers, explain goals
6) Complete the deal(s)
7) Put out advertisements lease-optioning out the house(s)
8) Take calls, do showings (as necessary), explain requirements to rent
9) Take applications, do background checks, possible credit checks
10) Rent out the place, take non-refundable payments, etc
11) File all necessary paperwork with courthouse (maybe this should be earlier?)

Meanwhile, I also need to:
1) Find ways to help renter/buyers build credit for mortgages, find financing potential, etc
2) Possibly find a property manager to manage while I'm doing classes