The memorandum (some use a letter of intent) approach is considered a "soft lease option" because the memorandum is generally a non-exclusive agreement that gives the seller the ability to walk away at any time if they choose to do so (even once you've spent all your time and energy finding a buyer and the seller decides to walk away at the last minute), but also gives you the ability to gain an assignable interest via the memorandum in a way that feels less scary to a seller (and generally you can structure the terms of the memorandum to have the rental payments begin the moment you assign, so you don't have to make payments while you're trying to find someone to assign to).You can also gain an assignable interest through a "hard lease option" that is exclusive between you and the seller, and will usually require you to start making payments at a specified date.

hello everyone ive been studying real estate since in high school but always taught you needed tens of thousands of dollars to star.

My wife and I are in the energy industry and love our jobs but recent market conditions have us wanting to hedge our income resources.To be honest, I don't have any aggressive or lofty goals at this time.  

I found out that their all products are energy star and BBB rated windows and Doors.

It also stars Melissa McCarthy.

I am new to this game, but I am full of fresh ideas and energy.

Have 150 plus acres plus in lone star tx.

I can tell by the energy emitting from your post.

Would you recommend it as a strategy to have your energy more focused and reach your goals sooner? 

We are an energy dependent state and while more diversified than the 80s, it seems like housing prices didn't follow the drop in commodity prices nearly as much as expected.