if i have a 7 year sandwich lease with a home owner and i do a 2 year lease option with a tenant, after the 2 years is up and they choose to buy the house. when i get the money can i immediately pay the home owner off and keep the profits or do i have to wait until the 7 year lease is up to pay off the house?

I know Sandwich Lease Option deals are not legal in Texas.

@Abel Lopez Doing a sandwich lease option you get paid 3 times on one property...and you don’t need your own money.

Are there any investors who do sandwich lease options in the Los Angeles area ?

Even if I did a five year lease option, where I give them money up front, dig them out of a hole, and pay off the only the REMAINING BALANCE of the mortgage 5 years down the line, I would either take over the property at a steep discount, or I can re-lease the property (I think that's a sandwich lease) and make money.I appreciate any thoughts.

So this can only mean one thing, they ALL agree with me or they would have jump in and on me like a hobo on a jelly sandwich to prove me wrong in front of everyone!    

However, Yes, what you can do is offer a Sandwich Lease Option that expires prior to your Option expiring.

I'm a little confused on the difference between a lease option (if you don't own the home) and a sandwich lease option.

The reason is that we can make so much more if we stay in (sandwich lease SW) or buy them Subject-to (ST) or Owner Financing (OF). 

From what I understand, lease options are legal in TX, just not sandwich lease options (SLOs) where the investor stays in the middle and takes a monthly spread.