I am lined up with a local investor friendly bank but I am trying to exercise other options as well.

I did my research, exercised connections, and soaked up as much information as I could over the past month or so.

In my 20s I would mow everything for the exercise.

I don't know if all this was only a very interesting exercise in feasibility.

Then there is the good news, bad news, and that is the majority of lease option buyers don't exercise their option and for me that is generally good news because if it is a good property I like to keep them.

You must do it locally as well but you need to exercise more caution away from home as any problems would be compounded by not being local.

Until the buyer exercises his or her option, the property still belongs to the seller.With a subject to deal, ownership changes hands.

Laying to waste and tearing asunder; the tenant shall be responsible, with due care and exercising prudence, to ensure the safekeeping of the leased premises together with all presonal property and in keeping all property free of filth or waste.

Today I get an email that seller(mortgage co.) is exercising right to kill deal!

Why not charge $1800 monthly, explaining to the tenant/buyer that $200 of that will be placed in an escrow account and accrued monthly so that when he/she exercises their purchase option, they have a downpayment to show the bank.