Great thought on capitalizing on low interest rates, I def might want to take that into consideration bc I can always refi later.6.)

Nothing or very little down is another contract flaw, financial consideration must be reasonable at the price agreed to, a promissory note can be used as consideration so you can retain your cash.

Rental Agreement + Option to Purchase AgreementRental Agreement: a typical lease agreement with the total amount of rentOption to Purchase Agreement: this includes all the terms of the Lease Option such as Final Purchase Price, NROC (see below for more details), and how much of the rent will be credited back as rent credits (I typically charge above market rents and use that extra amount as rent credits).I have the Tenant-Buyer sign both of these docs and pay me the Non-Refundable Option Consideration (NROC).

So, that is a consideration around moving properties to different entities if you have that scenario.  

@Ronan M. thanks for that question.GC Realty & Development, LLC has coverage in the Western & Northwestern Suburbs of Chicago plus multiple neighborhoods in Chicago including Washington Park, Greater Grand Crossing, Hyde Park, South Chicago, Deering, Calumet Heights, Hyde Park, Bronzeville, & Woodlawn.  

My goal is to qualify a Tenant Buyer and then Assign my interest to the t/b while collecting the Option Consideration.

Height is about three feet I'd say, standard for the area.

@Sal MazzoneFrom my understanding regardless of what percentage you own they would want all of you responsible for 100% in case the others default.If you've done this before has the mortgage broker taken 75% of the rental income into consideration?

Do tenants actually take into consideration what the difference between and older house and this one would be?

The inspector wants me to remove the gravel and install either concrete or asphalt on the approach. that's approximately 450 sq. ft.the house is in garden city, next to livonia, westland, redford, canton, wayne and dearborn heights