@Brian Gibbons has done a ton of SLO's, whereas I am mostly the LO Assignment guy, but Brian and I both agree that you need to have reserves in place if you are going to be doing a sub-2 and/or SLO.Also, don't forget closing costs, and the contract has to state who's paying for what.You also want to do a title search on the house before you take it sub-2, as it screws the buyer if it has other liens on it.Also...to be honest..I wouldn't count the option fee in the "equity" category.If he doesn't purchase you haven't just added equity..you spent the $5k going on vacation as soon as you got it!

I have spent many hours helping many people who have had absolutely ZERO honesty or loyalty even though most of you newbies talk a good story?

In all honesty though, I was speaking about the area I live which is about 45 minutes south of Madison.  

  -  I was thinking of the latter but to be honest, I don't know enough about lease options to know which would be the better option.  

Honesty and care matters.

The numbers look good to me I would jump all over this opportunity-- a partnership with a GC in the area that you can get a solid referral from and has a good reputation for honesty and integrity.

To be honest I am absolutely pleased with Appfolio,  I just called on Monday for customer support, with a new item, and I had a return pone call the same day.  

To be honest, I was originally looking in Milwaukee but most the properties I saw needed quite a bit of rehab but I would like to gain a little more experience taking on a larger project.Do you have any suggestions for Property Management Companies?

To be honest I rather use a spreadsheet than Cozy.

in all honesty I am not a hard wood expert.. so you would need to consult someone there.I would not do anything unless you consult with a licensed forester in the state your considering buying in.. that is who you need to be talking to.they will know speices values they will know MBF yields per acre etc etc.. well worth.another yarn if I may.I was brought a deal In Mexico  south of LA a few hundred miles.. even though that is desert there is a mountain range that reaches almost 9k MSL.. and up at 7500 to 9000 feet grows pumpkin Old growth PINE>. very valuable. this deal said there was 50k acres to be bought and hundred million to be made on the timber play.. but would need to build a mill and roads etc.. sounded like a job for Becthel to me.. but I was thinking I could wedge myself in ..