That being said I am highly inclined to investing out of state but have my reservations since I will be so far away.I know Michael L. has some properties in Dayton, OH (living in Long Island as well) I was reading some of his (your) posts, please let me know how your experience has been.Based on my situation I've been led to turn key investing.

Pat L. and Steve Babiak- I think this is the exact route we'll try to take.

Dawn A: Since the employment is terminated the plan does not allow to take any loanMinh L.: The plan administrator mentioned 20% withholding is mandatory if the check is made in my name.

Minh L. - yes, you can use proceeds from a loan only if it's unsecured.

Pat L., you are of course correct in that, generally speaking (almost a law of physics), no taxing authority willingly gives up revenue and taxes trend upwards.

They are typically very helpful and receptive to complements.If you only have 30 minutes due l work schedule, five (5) days X 30 minutes = ONE more informed probate investor.

Originally posted by Raquel L.

If the tenant can't fulfill the L/O agreement on the property where there is a contract, you cannot keep them in that property (by either re-newing the lease option or re-renting to them) - this will give them equitable interest (b/c there was a L/O contract).

Patrick L.

L/O also means you need qualified buyers in there, not renters, that can pull the trigger and take you out of your financing requirements.If you want to keep them, a sub-2 would be much better for you as you are in title, a seller financed wrap, as that means you'll be refinancing instead of purchasing.....but we don't have enough info here as to your down payment/option payment, loan to value, market rents, etc.