The option just gives you the right to buy it.In any case, in order to do a Sandwich Lease (which is what  you're trying to do), your lease has to be in place before the tenant who is actually living there's lease.

The pilot holes for the lag bolts are typically 1/16-1/8 of an inch smaller than the diameter of the lag bolt making the mechanical base act as a sub flashing, and then there is also a chemical sealant (caulking, geo-cell, Henry's... depending on the installer) sandwiched between the roof decking/paper and the mechanical base.

Any NJ investors out there who focus on Subject to, Rent to Own, Sandwich Lease??

And definitely max out your IRA contribution ($5500) each year, even if that means you're eating ramen and pb&j sandwiches while you're young.You can't get a personal loan with your IRA, it has to be in the name of your IRA, which isn't you, and it has to be non-recourse.

One of the most intriguing to me is using lease options, especially sandwich lease options.

Could you tell me who pays the closing costs in a Sandwich Lease Option deal? 

This way, we could have the benefit of locking in the option to buy the property but we wouldn't have to qualify for the loan just yet.The way I think this could turn into a "househack" of sorts is if we found a different property to buy, instead of following through with the option, and then turned the lease option we were in into a sandwich lease option and started making money on the property after we moved out.

I am thinking about approaching a gentleman (known 18 years) about a sandwich deal. 

I guess you call it a sandwich lease but not an option (not to own). 

The following is an excerpt from Andrew's original post...WHICHEVER IS THE LOWER AMOUNT (super important)I understand the caution in all this, but entertain a scenario..I'm having a very difficult time passing up cash-only deals based solely off the knowledge that the ARV really isn't going to go anywhere due to the home being livable/only needing cosmetic upgrades/being sandwiched in between 2 or 3 other units of a multiplex...I say again I'm having a hard time forgetting these deals because they would cash-flow nicely and are affordable.