As a TK provider, I would encourage the same thing... 

I would encourage you to get with someone who has a lot of experience doing lease options that will help you with your contracts so that you don't violate any laws (this is not a solicitation, just a suggestion).Good luck to you.

Thanks so much Lesley for the encouragement. 

Even so, it's a pittance compared to what many on here do, but it's pretty encouraging for us.We purchased it for $63,500. 

I get it, the forum is here for the discussion but I want to encourage you to make every effort possible to find the answers on your own, exhaust all efforts to get the information you are looking for before asking people to answer the question for you, more often than not you will find the information on your own or you will refine your question to the point that it becomes interesting enough for people of solid intellect to respond to.

Thank you for the words of encouragement!

I got my RE license because my clients encouraged me to pursue it.

Thanks a lot Cody, reading your reply encourages memore to start buying here in Houston.

These guys have been putting out some great information and I would definitely encourage you to check that one out.

You'll need to enforce late fees to encourage on time payments though and not allow them to fall so far behind like the previous owner.