So with some marketing charm, it's not hard to get occupancy.

It is a OLD house with some great charm, and some not so great charm:)Also, the kitchen is our  biggest "problem area" with a large brick fireplace taking up room.

Works like a charm and I spend my time analyzing the bottom line instead of entering numbers.

I tried this with one of my properties and I gotta tell you, it works like a charm with these particular tenants (college aged, but not in college).  

This will be the third property I have offered on in the last 7 months so hopefully the 3rd times a charm.  

Condition is superior, 3 units with a wider lot and more architectural charm.

Works like a charm. 

Works like a charm!

I have a charming upstairs/downstairs apartment that was built in the 20's.

I have learned a great deal more since that time and I want to fast forward to the current and get into the lease option deal we put together several months ago.We have rented the property for the last 2 years @ $1,600 per month to 2 different tenants.The mortgage payment is $950 per month ($107k loan for 30 yrs).Each time trying to lease option on my terms but to no avail.As they say, third time is a charm and the prospect came calling.When they asked about the lease option, these are the terms I sent over to them and they were the following:Purchase price: $189,900, $1,500 per month lease payment, $50 per pet per month fee, $50 application fee each applicant, 5% non-refundable option fee, one month security deposit, and 20% of monthly rent going towards down payment credit when option to buy is exercised.We agreed on all the terms above with a purchase price of $182,900, $1,600 rent (2 pets) and 2 year option agreement.There was a buyer’s agent involved so I paid her a portion of the owed commission and the buyer paid the rest (buyers portion will be credited when option exercised).I was not going to pay all of commission up front not knowing if buyer will or will not take option.You can do the rest of the math to figure out what the net profit will be once the option is exercised.