I would love both the BP community feedback and I also want to know if a sandwich lease option is legal in ID and viable in this situation based on others experience.

Ok... so I've been involved in Lease Options for a little while now but I still have yet to find a good solution to closing a Sandwich Lease Option (SLO).

Hi Everyone, I'm a big believer in trying to simplify things, and I love the idea of controlling property without owning it.Just curious what everyone thinks of using a long term L/O with very small Option fee and no rent credits to control property, but then just straight renting the house for cash flow rather than doing a sandwich L/O.I'm not sure if the spread would be too thin, but my thought was I could do a lease for the PITI amount and then cover expenses up to say $200.  

A lot of time we get so caught up in raising money that it's all we consider and then 6 - 12 months down the road we find ourselves in a deal from hell because we borrowed money from Satan (haha just kidding but you know what I mean).Once you learn what they are comfortable with, their level of experience and you feel they would be a good fit then you should have another meeting with them to discuss your offer in more detail, and make sure you cover their points of concern as well as what makes them excited  and cover it in a sandwich style, meaning excitement, excitement, risk, excitement. 

Perhaps, If that person only used google earth app,they might have noticed the property the building  sandwiched between 2 abandon buildings and a semi desolate street and could've possibly saved money not doing it.

Nerves of steel business.Buy and hold for appreciation in many areas is a long hold strategy.But there are other strategies not talked about here.Pretty houses - sub2, lease purchase sandwich (not TX), wrap purchases, etc. 

I can see trying to sell the option (although a sandwich lease option may work better on paper than in real life) - but the lease is between you and the seller.

Negotiate a no or small down payment, find a credit-challenged buyer(new to the area, small business owner, banged up credit but has great income, etc.) with $XX,XXX to put down as a non-refundable option deposit(Sandwich Lease), etc., etc.There's been many books written on the subject.

Learn to buy on terms: lease option assignments and sandwiches, land contracts, seller financing with notes2.

I'm hoping someone can help me understand this since I'm just starting out.I found this house on Zillow that was listed for around 250 days. I looked up the address and the property taxes and school taxes are not paid...