No equity isn't great for staying in a LO I know so the idea of Wholesaling them directly to the TB is a viable strategy.I worry about people not really thinking this through though.  

In my past I have been a LO and currently am debating on getting my RE license to help out in costs along the way.

@Brian&@Bill I'm not sure I'm asking this question the right way but will gave it a shot, how do you qualify a deal as a LO?

If @Edward Beard pursues a cooperative lease option, he would be getting a LO on the house and then assigning his LO contract to an end buyer.

The thing that sucks is that when you are tying to sandwich a LO, you will use a big chunk of the down payment to catch it up.

3.I was thinking maybe the best exit strategy on a LO for me might to be just to execute a “Contract for Conditional Release” where once I find the T/B and instead of assigning any rights, just have everybody close at my attorneys and instead of collecting the option from the T/B I charge the same amount to the owner and charge them a Conditional Release (Document giving my rights up to purchase the property for a fee).

He's a LO and I'd bet he could tell you.

Is there a good source to read Exactly how to set up a LO assignment?

Do you know is that all states, or is there another better way to work a LO?

When you do approach a LO, I would recommend really making sure you have your ducks in a row and have all recommended documents ready to roll.