It's a great way to talk through your plans and goals for real estate with people that actually understand! 

There's too many investors who are front page news in Northern states re CFDs gone bad and Texas where lease options went bad and the state enacted buyer protections...Take care to all.   

This is a unique home and it actually has a full kitchen, 2 bed and 1 bath downstairs and I think it might be well suited as a very large vacation rental(entire home) or both floors being rented separately at some point in time.  

She’s currently not paying rent, and while she has some health issues and no stable income, she’s been communicative and open to general talks, with a possible option to vacate through a cash-for-keys arrangement, though this might take around six weeks and some hard work.I plan to rehab the property and eventually rent it out, potentially to a Section 8 tenant.

It actually is a solid program.

I actually just did a live stream yesterday on my channel (youtube.com/@brady_morgan) that went over this exactly.

Yelp is a good source because it lets you read reviews of actual customers.

The modeling of this is actually pretty easy (see link: 42-unit proforma sample), but my model treats the pre-refi loan as I/O, but that can be updated based on your deal.

This is typically HIGHER than option one. 

My husband actually did this when he became a realtor and the process was very simple.