Flipping on a 24 month lease option

[Zackary C Dunn]

Hey everyone i would really appreciate your advise. I went to look at a house with an arv of 115,000 and needing 20,000 in cosmetic repairs. I offered 45,000 and was going to wholesale for 55,000. He countered with 55 and stated he had a mortgage that was 55. I have now decided to fix and flip myself. is a lease with purchase option of 24 months a good idea. I dont want to put money in it then somehow get screwed where he can take it back or when closing comes there are additional liens on the title. I have tried to contact a local lawyer but soonest i could get a consultation is on the 15th. Thanks, Zack