Also - Wendy Patton has some great books on Lease Options.

I went to barnes & noble today and picked up a copy of Wendy Patton's lease option & subject to book; look forward to reading it.

Wendy Patton also has a couple of books on the topic that will give you a good introduction.

(although I don't think landlording is a great place for beginners to start, Mike is great at systems and preaches it like I do)Wendy Patton has one on Lease Options and Sub2's...Brilliant deductions is a must read, and so is Inc. and grow rich....Richest man in babylon.. and rich dad poor dad and the cash flow quadrant..You'll likely get info overload when starting.. depending on your passion...Pay attention to the fundamentals and don't get caught up in the technical..Once you've done that.... then start looking to invest...Their are basically two paths to investing....

Be sure you're going to actually close before you put that money on the line.Wendy Patton talks about getting half, or even more, of the rent as credit.

They should have followed the Patton principle of using the embedded infrastructure.

Oh, I meant to mention early today I purchased:"Investing in Real Estate With Lease Options and "Subject-To" Deals : Powerful Strategies for Getting More When You Sell, and Paying Less When You Buy"Wendy Patton"Investing in Real Estate"Gary W.

If nothing will ever be recorded in our names, then it's a non-issue.I'll see if I can find more info in Wendy Patton's book.

look up wendy patton...she is on BP...she has a good book on lease options that answers your specific question...

Also, another source I have found is Wendy Patton's book linked here: http://www.amazon.com/Investing-Estate-Lease-Options-Subject-/dp/047171836X/ref=sr_1_1?