Finding ways to comply with Dodd Frank and do these long term lease options I believe is a great strategy for underwater homes.Brian, can you explain why you think a long term L/O is better for underwater homes vs other methods, without posting a video to watch?

.$1200 isn't much, but I'd find out how many LO's the attorney has worked with and if understands you will be ASSIGNING the contract.

In addition I am also I year old in the investing world.There is one meetup today that I am going to:http://www.meetup.com/FIBI-San-Diego-Investment-Club/Address:Hilton San Diego/Del Mar15575 Jimmy Durante BlvdDel Mar, CA 92014Hope to see you!

The SAFE Act was the first bit of turmoil and seems to have faded as to being of much interest anymore with the implementation of Dodd-Frank.As you mentioned exemptions in some states as to the origination of lease-options I'm puzzled as the S/A specifically mentioned L/O and "Lonnie Deals" as being effected and that states may adopt similar law so long as it was keeping with the intent of the Act.

Jesse Lawrence HI Jesse,Typical LO (loan officer) point of view you will get advised to put down 20% to avoid MI.

When we were organizing our company, lo those many years ago, we spent time thinking about this and specifically decided we wanted to cater to working families. 

Where I could not do that with a lease-option or contract for deed.The benefit of the LO or CFD is I could get a little higher monthly rent and a little more deposit.

You LO or broker should be able to answer those questions right away. 

Again, simply ask the LO if he has a fixed rate program which will likely carry a higher rate than what they just offered you.

your other option is to raise her rent but keep it under market and when you have this conversation with her, point out all the money she has saved over the years and will continue to save because she is such a great lo g term tenant so rather than gong to the full market rent, you will keep her discounted if she wants to stay.