In addition, you will want to work with them and a mortgage broker or lender to get their credit and down payment into a situation where they can complete the transaction.Wendy Patton has several books on this topic.

I'm not sure what fees you have.I purchased a lease option couse years ago from Wendy Patton http://www.wendypatton.com/store/ years ago.

Check out Wendy Patton's book on Subject-To and Lease Option strategies.

As General Patton said, "A good plan violently executed today is better than a perfect plan executed next week".

I just bought and read a great book by Wendy Patton but if definitely left A LOT of gaps.

@Alexander Gonzales... please give credit to Wendy Patton for your post.

I'd recommend these three in the Oakland County area: - Michigan Real Estate Investors - Great REIA run by Wendy Patton of Lease-Option fame, meets in Troy, http://www.michiganrealestateinvestors.com/ - Renegade Detroit Investors - Another great REIA.

I have been watching Wendy Pattons' videos on Youtube and have also read her e-book, but do not have the confidence (yet) to offer this to a potential seller.

People who teach the "hard" option, are Wendy Patton, and Josh Cantwell (middle man income).

It's my first one and I'm not sure how it will work with homestead tax and I've looked at some of wendy patton's stuff (not all of it) to see if I could find an answer there since she does a lot in michigan without any luck.I have my numbers figured out with about $200 cashflow a month over 2-3 years.