Option 1, this way if he defaults you take owner ship of the property same as a bank would and boot his but to the curb.With option two you may never see your money and he can live there for as long as he chooses.My opinion it is the worst possible thing you can do lending money to a friend.

Banks definitely lend easier with a stable W-2 income, so I plan on keeping my job as long as possible to get my boat closer to the dock before I jump ship.

I started hearing about BP from colleagues and from cruising around the internet, and after listening to some podcasts, I got excited about the idea of building wealth through rental properties! 

Check out --http://www.lonestarlandlaw.com/Lease-Options.htmlIf you're looking to find Sellers and dont have much money, then to get started you can generally stick to the traditional methods of scouring craigslist ads and other websites for sellers that are renting or selling their own home, making bandit signs to display in your targeted area, networking, handing out business cards, placing an ad in the local newspaper, driving for dollars, sending personalized letters to specific targeted houses, and doing some minimal direct mail marketing in a focused area when you find a good deal on printing/shipping.

My vehicle is in Wyoming and I have a feeling ill be without a vehicle for a few months before I can afford to have it shipped that far.

I'm Starting a discussion about shipping container homes.

I'm currently looking for 'PreFab' purveyors (factories, distributors, etc.) that have a product line with at least 4 models with elevations and floor plans that we can purchase factory direct in, KIT FORM and have drop shipped onsite throughout San Diego County and surrounding areas.

Update on the work:All the promised work is done except laundry set up, which was delayed b/c the all in one unit had to be shipped - should arrive tomorrow or Tues.

My life used to be spent GONE half of the year away from family friends and LIFE, in the middle of the ocean on a tanker ship moving millions of dollars of oil to feed the pockets of giant corporations.

I'm ready to do what it takes to get my RE business going I just want to know about the refi before I jump ship with this stressful job!