Hello BP,I live in Louisiana and I am looking to get into REI and I am interested in creating lease options with FSBO's and then assigning that LO to a tenant - buyer.

Lo and behold a low barrier of entry into the real estate market.

Thank you LO's are legal in TX but over 6 months you have to disclose mortgage information and the buyer has to be able to know when the payments are being made.

We've got a L O N G way to go in this downturn!

Beware, things are changing, so many of the old flim flam L/O deals that some sell or advocate won't be cutting it.

I HAVE A BUYER IN PLACE WHO WANT THE HOUSE I HAVE UNDER L/O WITH SELLER.

Oh, and did I mention they don't pay the LO any more than a vanilla loan AND take up 3x as much of the LO's time, as well as taking unusually long to close?

The right LO will help keep as much money in your pocket as possible. 

Lo and behold: around 6 months later, that whole neighborhood was under a few feet of water!

Then, earlier today I noticed she left the lights on all day (again) and got an inkling to call the utility companies and lo and behold, she hadn't changed the electricity over to her name.