Hi, Neil, There are two components to a lease/ option.

Manager lives on-site.Ok, those are the things that are positive about the home and community.Now for the things I feel would need to be added/completed/renovated before ready for sale or rent:New gutters - ~$800Laminate flooring in kitchen and bathrooms to match entire house - estimated $500Stove/Oven - ~$600Fridge - $700W/D (optional) - $600Window in master bedroom - $200Ceiling fan in master bedroom - $200Kitchen sink - $200Redo all door trim/paint all doors/rehang, replace or adjust a few doors - ~$500 (just a guess)Add small door to water heater closet ~$100New master bathtub - ~$8003-4 panels of skirting need to be replaced - $ (no idea) but estimating $200Ramp/Stairs/Deck leading to front door needs to be replaced - $1000Landscaping in front - $200Cleaning entire home to make ready for sale - $200I'd like to get a foundation specialist to look under the home (free)Roofing specialist to talk to me about the metal roof (free)I need to ask her about the furnace (forced air) and its age and working condition.I need to factor in about three months of lot rent (at $375 per month) for the renovations to be completed - $1125And I'd like to have $1000 set aside for unexpected rehab expensesGRAND TOTAL = $8925This would mean that our negotiations to the seller would start at $11,075.First, are these figures anywhere close to realistic?

There are major components to look at.I have my big 5 or so.1.

Now with unexpected career transitions, I see this is a great opportunity to move forward into something more rewarding.Outside of my experiences in purchasing personal property and attending expensive real estate workshops this is all new for me.  

It was always unexpected when I gave the fire extinguisher (often at lease signing/move in) and never failed to get a great response.

@Arlan Potter - the sales tax exemption is also used for components used in assembly.  

I think that risk spread os a major component to a successful investment portfolio.

I either got paid off and nice return or ended up with property.. had both happen.One of my clients in Oregon is a car dealer and has a large finance component.. they do exactly what you do with the chips in the cars etc.  

@Simon Shih Property management is definitely an important component, but you can also buy the right property that will require less management/maintenance than others.  

By dealing directly with us as the buyers you won’t have to pay 6% to a realtor or any other unnecessary costs or fees.We would all like to spend more time with our families or pay off some unexpected debts, and selling your house to me can make that happen.