@Jorge GuadianIf you are planning on renting the duplexes the simplest way would probably be to finance them directly. 

Simplest would be just to contact the listing agent and tell them you want to submit a contract.

So, you could say the leads are worth $500/40 = $12.50 a piece.OTOH, the leads are the simplest part of the business.

ok well as you can see im new to the whole rei busniess now i have a few questions or more:1. what in simplest terms is a option and how does it work?

What's the simplest/most convenient way to do this?

The simplest way is to add a fixed amount to the rent while making sure that the tenants are still on the utility in case they use excessive amounts of power.

I agree that it may be simplest to convert, but if you'd like a second set of eyes Steve Roberson has done great for me over the years.

@BrandonYour simplest bet is to buy it in your personal name.

My question is what the simplest way (if there is any) to go after them.

I am going to explain this in the simplest way possible.You found a house for 50k but its a total dump and in great need of repair..You see that similar houses in that same neighborhood are listed for 150k..You estimate that it will cost 60k in repairs for that house to look that the ones in the neighborhood selling for 150k..you get a FHA loan which covers the purchase price of the house + the repair cost.