Good evening BP,I am looking at doing lease options in Tennessee; specifically Sandwich lease options.

I live in Harper Woods, which is sandwiched between the Grosse Pointe communities and Detroit.

If your ever stop by Cleveland I like sandwiches.

I use a RMLO for the tenant buyer even though many think Dodd Frank does not apply to Lease Options.I'll buy a Sub2 or a wrap or a sandwich lease and use a land trust, and even offer for the Home Seller to keep a Warranty Deed in escrow in case the loan gets called due or I do not pay the underlying lien, but then I have cash reserves to pay.I'll offer to do a JV with a home seller that needs minor rehab, too thin for a Wholesale deal, buy it with a private mortgage (no banks), fix it with private lender SDIRA loan, sell it retail with an agent, pay the private lender plus interest, and get a JV fee of 3% to 5% of retail when it sells.Finding problems and offering creative solutions is key to not just getting started but it growing - scaling your business.

I don't want to do sandwich leases, I'm just interested in assigning to tenant and getting out of the deal as quickly as I can.

Hotel common practice is to triple sheet (sandwich blanket/comforter/etc. in between two top sheets).

Hello Michael,Options, Lease Options and Sandwich Options are all possible.

The Sandwich LO where the investor is both is best.It's not for everyone though, but it's also not just for the seller's advantage. 

What I did is take over mortgage payments (nowadays called Subject To via land trust to avoid the risk of due on sale or transfer clause,) lease options with sandwich leases, owner financing or partial owner financing.

HML's are most definitely NOT better, but partners can be better...depending on the deal itself.Here are some examples:1 - Lease Options and Sandwich LO2 - LAnd Contracts3 - Stand alone Options4 - Private lending5 - Selle Financing (this is an entire list in itself)6 - Cash Partner exchange7 - Use of Non-collateralized Loans (properly used, this is free money)8 - Use of Cash Reserves (not the kind where you squirrel away part of your cash flow)9 - Use of Escrow accounts10 - Use of LLC's instead of buying in personal name...that's just a short list.