Lease Option Assignment

[Chasity Johnson]

Hello,

I have just been introduced to the strategy of lease option agreement contracts. I really need to get a grape on this concept because I am working with seller but don't have the right contract or understanding on how it works. Here are he details; seller has two town-homes he wants to get rid of. One property is tenant occupied and the other is vacant with 7-10k repairs needed. He want market value for both properties which we agreed upon $120k for both properties. ARV for unit one 2/1half- $50k and ARV unit two 3/2- $65k. He is open to lease purchase but I am not sure how to structure this deal or contracts. I plan to sell my contract to end buyer for assignment fee but I want to make sure I create WIN-WIN for everyone.