Under the IRS rules, you would need to account for 'implied' interest under this structure.The industry that has 'lease options' nailed is the automobile industry.

People in my parts are notorious for spending more than they earn and quickly needing to oust themselves of automobiles/housing. and then the same people show up a month later with a shredded credit score needing a place to stay, thus presenting themselves as a prime rental candidate.

They do not drive new automobiles or wear gold watches.A good book for your consideration is "The Millionaire Next Door".Enjoy yourself and it will not be work or a chore.

No boats, boat trailers, house trailers, automobiles, trucks, campers, motor homes, or other vehicles, or any part thereof, not in actual current use shall be stored or permitted to remain on any residential site or lot unless the same is stored or placed in a garage or other fully enclosed space, or is entirely screened so as not to be visible from any streets and abutting lots.

In the case of a taxpayer using more than one property as a residence, whether property is used by the taxpayer as the taxpayer’s principal residence depends upon all the facts and circumstances.If a taxpayer alternates between 2 properties, using each as a residence for successive periods of time, the property that the taxpayer uses a majority of the time during the year ordinarily will be considered the taxpayer’s principal residence.In addition to the taxpayer’s use of the property, relevant factors in determining a taxpayer’s principal residence, include, but are not limited to:(i) The taxpayer’s place of employment;(ii) The principal place of abode of the taxpayer’s family members;(iii) The address listed on the taxpayer’s federal and state tax returns, driver’s license, automobile registration, and voter registration card;(iv) The taxpayer’s mailing address for bills and correspondence;(v) The location of the taxpayer’s banks; and(vi) The location of religious organizations and recreational clubs with which the taxpayer is affiliated.

I've never bought a mobile home, but as I understand it, it works like an automobile and with automobile sales in LA, the owner has to sign a bill of sale and the title in the presence of a notary.

“Net worth” shall be determined exclusive of home, home furnishings, and automobiles.

These properties are typically newer, so they were built in the automobile age.

None other than General Motors (a leading bus maker as well as an automobile retailer), and other giant oil companies.

Not a one horse town.Find somewhere that has tech, a college, healthcare, retail, and automobile.