The tenant may be a bad apple (rotten to the core) or may have just dropped off from a different kind of tree and is exercising some free spirit on a loose rein!

@Daniel Lipetzky@Matt Reed knows lease options and rehabs.Warning - Just because you CAN buy it on sub2 does not mean you SHOULD.You deal is too skinny for sub2.PITI vs Rent is less than 200.You may think you have 20K in equity but the costs to sell are 10% of 130K = 13K with commissions, closing costs, sellers concessions, etc.Look at a lease option assignment $850 rent - $130K option exercise price and flip it for $5000 in 10 hours.

I get paid when I sell the option (make sure it is a separate document).I get paid monthly (cash flow) from the rental payment.I get paid when the buyer exercises the option.  

If you're the "ready, fire, aim" type then it's good you've exercised caution thus far.

Lease Option the house to Tenant Buyer (but then I am stuck in the deal until the Tenant Buyer exercises their option correct?)

This morning I was practicing my visioneering exercise (where after reading, or prayer..

I assume he would acquire one when he decides to exercise his option?

Spent 8 hours with her as she has the influenza bug and needed my assistance getting her nutrition and exercise needs met. 

As an exercise, you could follow judicial foreclosures by keeping track of who buys them and under what terms/price.

So if your location is better than the 3-2s they are building farther out and there are not a bunch of 2-2 apartments renting for less...with a pool and exercise room to boot, then you are probably ok.