Think about what landlords want: they want people to pay on time and be respectful of their propertyOnce you raise the idea of leasing the property and then selling it, then you need to sell the idea of rent to own and how you can place the right tenant buyer in their propertyHow I do this is I show them my tenant by air intake forms, I do cross of their names and Social Security numbers but the physical proof that I have buyers already helps build credibility that I know what I'm talking about I make generally 3% of the value of the property in an assignment fee doing lease-option assignmentsI might do sandwich lease option if the deal is terrific

Evette Harris-Cole If you check my posts I coach lease option assignments in general, and sandwich lease options, and wraps and sub2.If you're not licensed in California I recommend that you do become licensed as the department real estate in California would prefer you to be licensed.That said in my file place on bigger pockets you'll see some forms including a letter of intent, lease, and optionPlease also understand that you need your own attorney to be able to act for you in case you have a problemAnyone can sue anyone anytime so you need to protect yourself that's why you need an attorney.

Think Ozzie and Harriet, not ghetto section 8.If you are sandwiching, staying in the deal, make sure the seller is ok with all the details, including your profit, and work hard to get the tenant buyer financed: mortgage originator before tenant buyer moves in, FICO coach like www.UpGragadeMyCredit.com, et al.Have 2-3 months in reserves in case the tenant buyer does not pay and you have to evict.A "reverse assignment" can be used in a sandwich, where you sell your option to the seller, and agree to place a note and a mortgage for your profit in the sandwich. 

Offer to lease option the property with the intent to sublease and sub option, this is called a sandwich lease option. 

@Jason Hernandez  Having a license in OH and in FLA is really helpful.The Dept of Real Estate in both states look at entering into a lease option with the intention of assigning as BROKERING.So buying sub2 or on land contract or a wrap, then lease optioning as an exit is the way to go.You could also do a sandwich lease option, sub lease and sub option, with the INTENTION of staying in the deal as a principal. 

You'd be more interested in the Sandwich Lease where your buyer would be leasing out other units.

@Jonathan Napper  great question and thanks to all who have taken the time to answer and leave feedback.My opinion is as follows:Yes you can effectively "sell" your position in the lease option assuming your document allows you to do so, sub-lease, sub or sandwich option etc.

SLO is sandwich lease option versus lease option assignment LOA You can acquire or control properties with leases, options, subject to existing financing, wraparound mortgages, master leases, master lease options, and othersYou can have partnersr either JVs joint ventures or you can get loans through IRA lenders using self-directed IRAsFor mild rehabs I like joint ventures with the seller where I bring in private money for the rehab and get paid when it sells

A 240v breaker is more or less just (2) 120v breakers sandwiched.

We then find a tenant/buyer, if it's a sandwich lease option we install the tenant/buyer, take an option consideration from the buyer and down the road when  we settle the property we either assign our agreement with the seller to the tenant/buyer or we do a double close.If we are going to wholesale the lease option from the start we enter into a lease option agreement with the seller and then assign that agreement to the tenant/buyer and collect an assignment fee.What we would like for you to do is run an initial credit check on the tenant/buyer to see if they would qualify for a mortgage within a 12 to 24 month period if they acted to correct the issues on their credit.