Once sold to you (option is exercised) you would then be responsible for all taxes, insurance etc. as the home would be in your name.I hope this helps! 

Their lease is up for renewal, and contains one Option to renew, which they've notified us they want to exercise.  

They’ll be paying 40% of market rent, you’ll be paying them $3,100/mo to “be good tenants” and you’ll be out $261,000 in rent. 4) think about the “lovely good tenant family” that you are denying a place to live for $1,600/mo (20% under market) because you want this other family to live there instead.5) Try this exercise.

Potential investors, on the other hand, should exercise caution, focusing on due diligence and seeking opportunities in sectors of the market that show resilience or potential for growth.The Road AheadThe current trend in foreclosures is a pivotal moment for the U.S.

Evaluate your position and exercise your right to make a choice that suits your over all needs. 

Subject to is a similar half-truth: “If the bank exercises their right to enforce the due on sale clause, just deed the property back to the seller and use an executory contract: contract for deed, lease option, land contract instead.”

I’m not saying it can’t work because folks like Brandon Turner swear by partnerships, I’m just saying exercise extra caution.

Among the seasoned investors who have replied to this thread who have used the methods I describe, we have dealt with literally hundreds of appraisers between us.You say one thing and the hundreds of appraisers who we've collectively dealt with have indicated another.So, I leave it as an exercise to the reader to determine if they want to listen to you (a single appraiser) or if they want to listen to the collective experience of the investors here who have worked with hundreds of appraisers.I'm not saying there aren't others like you out there, but in the experience of the investors here who have -- again -- dealt with hundreds of appraisers, you're clearly in the minority.And btw, "sucking up" has very little to do with any of this...it's about providing data, instilling confidence, demonstrating integrity and good business practices and building rapport.

This exercise was merely to prove a point.

I could not read the NYT article because you need a subscription, but I found another article that walks one through a numbers exercise of determining the true cost of owning versus renting Do you think this provides similar sound advice?