The Buyer is concerned the Seller may sidestep their agreement altogether, going with another offer because the Seller believes the lack of deposit relieves her of any obligation to the agreement.Initially I thought that with no deposit there is no "consideration" thereby making the contract unenforceable.

If that is the case where you are, I would be looking to buy a property at a deep discount.

I also dont want to skip out on legalities so i dont get in deep problems.

We are seriously considering it now, and I'm trying to get all of our ducks in a row before we jump into the deep end.I've been reading the Ohio Landlord and Tenant Laws.

You are facing very deep pockets should a challenge arise.

Sure, some of my ideas worked, but if I had followed their suggestions, I would have spent less time trying to be successful.Re-inventing the wheel may scare away deep-pocket investors or lenders.

I'll play around with it a bit more.Brandon i'm relieved to know that we're the same age.

A lease/option won't relieve you of any legal landlording requirements.

Unfortunately, NNO snuck up on me this year, as I've been deep in the acquisition of a new property.

Personally, I was incredibly relieved to get my own mortgage away from them.