Tactic: lease to own distressed property, renovate then sell

[Joshua Crampton]

What if you:

1.) lease to own a distressed property

- very low deposit (your only actual out of pocket expense) 

2.) made a deal with a contractor friend to renovate it for free if you paid him a percentage of profit

3.) immediately put the house up for sale way more than you agreed to pay in the lease to own contract

I wanted to hear from people with more experience dealing in this type of entrance strategy and tactics.  

Entering real estate with low or no money down