Account Closed  this can all be done BUT its not DONE WITH NO MONEY.. you need money for gas. you need money to pay for your car note ( unless your car Is paid for) you need money for your cell phone. etc etc. who ever came up with the idea that you can make money with NO money I RE is just telling fairy tales. and its also very very market driven.

I bought a car for $2,000 dollars F+C in college and over 3 years I put over $8,000 in upkeep in to it but that doesn't make it worth $10K.As for the lease option structure, it looks like you understand it pretty well.

Are you in breach on your purchase contract, by not having your financing.....does your purchase contract automatically expire, or does it require you to send notice of no financing by a certain date?  

As an Escrow Officer, I can tell you that any money "held" in escrow is not likely to be auto-released without a really well written CAR Addendum and Escrow Amendment.

I currently buy and sell cars for extra money (buy below blue book, do value added repairs, sell at blue book value) and would like to start applying some of these concepts to real estate.

Just like shopping for cars, like I always tell others that are buying houses, yet I don't apply the same logic to my own situation, lol.  

Thanks for being a sounding board.It's a two car garage, and I don't have measurements, but it should ballpark ~25'X30', maybe?

Where I live we buy cars we have never seen and have them shipped in.  

That means, assuming no luxury car payments screwing with DTI, no less than $825k/mo of income, which works out to $9.9m/yr.

Heres a pic from my car cam.I ran to the door and banged on it and then the people ran out.