Here are parameters of how a lease option can avoid being re charterized as an Installment Sale.

I could rent it out as a single family, start a charter school out of it, or rent out one unit and use the rest of the place as an in-home day care as long as one of the tenants was employed at the day care...So they would let me put a SCHOOL there but not put up three walls for a multifamily...I live in a rural area and I do not see any other use for this property.

It is a corner lot right across the street from the park and just a block or so away from the Charter School.Purchase Price was $225,000Rehab Budget $250,000List Price $750,000If you have any advice or even opinion I would love to hear about it.

If you are ever in the process of starting your own reit, hiring a good attorney to bombard the charter with provisions is key to long term success and preservation.

I am a loan officer-broker with a Federal Charter, call me if you like.

@James Masotti Most credit Unions are federally chartered and as part of their mandate they have specific membership requirements.

I own and operate a fishing charter business and I am new to investing.

I then continued my education by passing the requirements to become a CPCU "Chartered Property and Casualty Underwriter"  There are fewer than 25000 of us in the world, the designation is considered to be the most prestigious in our industry. 

We are self-funded at this point so we aren't looking for investors; although our charter is setup for future investment should be decide to go that route.

There some lenders who are specifically designed to be "community" banks and their charter prevents them from going outside their territory but there are plenty of banks that lend in a larger territory.