I asked if they wanted to lease the unit if i were to purchase it and they agreed.

The current owners operated their computer business there for several years.They are not interested in the real estate or any potential leasing so the marketing of the building is sub-par at best.

The rent includes everything which has made it instantly attractive to short-term renters (minimum 4 month leases which converts to month-to-month.

(a) A landlord may not charge a tenant a late fee for failing to pay rent unless:(1) notice of the fee is included in a written lease;(2) the fee is a reasonable estimate of uncertain damages to the landlord that are incapable of precise calculation and result from late payment of rent; and(3) the rent has remained unpaid one full day after the date the rent was originally due.

I normally go pick up all the leases and keys the week prior to the transition.

:roll: In a sandwhich lease option, the tenants down payment and rent credits are non-refundable, but are applied towards their mortgage.

Having good leasing agents to get the properties rented.

The lease lasts for a year so my first property bought will probably be an investment property.Why would I have lower interest rates if I was buying a house for myself to live in rather than as an investment?

Find people who would be willing to lease with option to you and in your contract make sure you can lease with option to your end buyer.The example would be this .

Hi guys,What are the risks involved in offering Lease/Option or SF to someone with Homestead Exception in their property?