@Adam Reiman Not sure what you mean by "manage"...sounds like you want a sandwich lease option...Else-wise, its just underhanded...unless you let her know your management fee is $300/mo...which is about twice the going rate.

Might this be a good sandwich lease option?

Hey @Russell Carter - the idea you are referring to is called a "Lease Option Sandwich" and it's not a bad idea at all.

As @Will Barnard had posted, real estate can be acquired or controlled through lenders (private lenders, conventional lenders, jv partner lenders, hard money lenders, etc) or other techniques such as sub 2, land trust selling beneficial interests, installment sales, wraps - aitds, creating a private 1st mortgage on free and clear houses (creating "paper"), using sandwich lease options, creating an option and selling it (wholesaling), etc.RE: Master Lease Options on Commercial Properties: Small apartments can be controlled with a master lease, giving one payment per month to owner, and this payment is based on a low NOI.

I'm formerly a software engineer who has become a SAHM sandwiched between elementary school aged kids and mid 80s year old in-laws, as well as managing our property and non-property related business.

HelloI want to get into lease-options and sandwich leases.Does anyone do them in Southern California ?

The easiest, truly no money down structure is a sandwich lease option. 

There are still a number of dilapidated properties up there but there is also a good but of construction going on.As for Brewerytown, its sandwiched between Fairmount/Francisville and Temple so its coming up relatively fast.

As part of the service industry, you know I can buy a $6 or $8 dollar sandwich.  

If it is the second case above, are you going to try to do a "Sandwich Lease Option" where you rent the property and then sublet it to someone else with the option to buy?