On the flip side, if you need to exercise a lot of control over your investment to be comfortable (ie. be able to see the property regularly, choose tenants yourself etc) and you'd rather have control than free time, then more passive buy-and-hold options may not work for you.

I am Sharef, my current role is to source deals in the NYC metro area specifically Staten Island for my father.

Another question is just from personal experience from those who have bought tax deeds how often do the original owners exercise the right of redemption.

. - First off with your partners are you working together as a team do you each have assigned capacities as to roles and responsibilies?

Michael S.So how long have you been working with BiggerPockets and what is your role with the company?

What should be the term for the lease so that it is not considered as a sale at the time of lease option agreement in case tenant wanted to exercise the option during the term?

I think that I'd lease option it out to someone and if it sold, it would be due to them exercising their purchase option.

What is your role in the lending department? 

I just started working full time in a corporate role and am brand new in the world of real estate. 

When I exercise option to sell, does bank take into consideration equity in the property (option price/market value), or would I still need to put down 20% in cash?