Thanks Marv,But is there ever a situation where an Agreement for Deed would be a better way to go over a LO Agreement in a LO or a Sandwich LO. 

First off, you dont really wholesale a L/O, you can set it up as a sandwich (you L/O from a seller and then sell on a L/O for more). 

Anthony, I wouldn't say that is a benefit of a optionee (buyer); neither a lease nor an option gives you the right or position to make repairs or rehab a residential property.You also do not "control" the title to a property, I could buy a property with a L/O subject to that option and assume the existing lease as the new owner.

There's something missing here.I dont like to buy on a L/O, you dont have enough control. 

Talk to your broker.I'd love to see your docs on the L/O assignments, you can PM me as well. 

L/O or buy it outright.  

With a class D borrower in a LO, I know they'll rent for at least a year or 2 before they'll be able to get a loan to excersize the option.

I recently figured out that a LO deal, duration and rent credits has to be accepted by the eventual bank who cashes the deal out in 1-3 years.

@Brian Gibbons you're right, only because most of the slim/no equity sub2 and L/O's I see fall apart, usually because they are being sold to an unqualified end buyer.

Point them to page 189 at this link if the LO is unfamiliar, which is often the case.