Check out my blog on some legal issues with sandwich lease options if you really want to get an idea of the risk involved.

If you go the other way to save on $$ you will find it very difficult to change out a dishwasher after it's been sandwiched in between the flooring and countertop.

Hey guys, I just got an offer from The Right Path Home for a sandwich lease.

Even if it's a sandwich platter, it's something. 

I've done one wholesale, one fix and flip and one sandwich lease-option though. 

Reminds me when I was a sandwich delivery driver and I dreamed about providing some secret sauce for the repeat-offender bad tippers.

When the right tenant reaches out and after proper vetting I could apply the sandwich lease where I make money on the down payment and the monthly rent and lock them into a 13 month and pull residual income out of the property while saving for the next.

The other is on a 4 way corner in front of a Subway sandwich shop, along a local traffic corridor.

Verbal offers don't mean much - if you are a serious buyer/negotiator -PUT IT IN WRITING along with a copy of a check (I always use what we call a "Skinny Contract", this is a one page document.)Show the seller what he will receive over the period of owner financing --if seller took back $100,000 @ 8% interest, interest only payments, paid monthly with a balloon at the end of 60 months - would look like this 8% x $100,000 = $8,000 a year ($666.66 a month for 60 months = $40,000 plus the principal balance in a balloon payment of $100,000 - so the seller get his equity of $100,000 plus $40,000 in interest) these facts can be very motivating.Seller needs to know about capital gains and the benefits of seller financing and installment reporting.Seller can use the financing note as a down payment or other real estate or sell the note at a discount.Seller can split the note - 4 $25,000 notes or 2 $50,000 notes - again these notes can act as down payments deposits on other real estate, sold or retained as monthly income or given to relatives as gifts.When seller financing is accepted - you may want to consider the following agreements or clauses: Always build in a discount in the event you pay the note off early (big savings here).Always make the mortgage a First Subordinated mortgage - this means that if you refi - you can place the seller's mortgage in 2nd position - since a lenders usually wants to be in first position.Make that mortgage fully assumable with release of liability - that means when you sell the property, your buyer can assume it, and you are released from the obligation (this is good)When selling the property - you can do a wrap-around - meaning if your interest to the seller is 5%, you can wrap the mortgage at a higher rate - like 10% - that means you are making 5% on money you owe - this is sandwiching the mortgage (this is good - never stop negotiating)Build in a clause that allows you to walk the mortgage to another property with equal or greater equity - this is called substitution of collateral.

Even if you get the seller's approval as to what rehab you're doing, that doesn't mean they're giving it back if you don't close.What you are trying to do is combine pieces of three different types of buying strategies together...and you can't:1 - Buying and selling on a LO (sandwich LO)2 - Buying on an Option only3 - Buying on a Land Contract