I play mostly Omaha hi/lo.

I'm just entering my first deals and was reading this thread,saw some great replies..and lo and behold..no ending!..

One possible scenario ...I buy sub2, rehab and either sell outright or L/O to a tenant-buyer.

What I mean is are you lease optioning for cash flow or are you L/O for a big payday at the end and less concerned with getting maximum cash flow.If you don’t care as much about cash flow, you can set your lease payment for just above your mortgage payment, have a nice spread to what you owe and what your option price is and make a nice payday down the road.

I know there are a lot of good LO's and brokers left out there.

I've expanded more into internet marketing as opposed to just LO referrals.LO's can't seem to grasp that their loan cycle just got about 3 months longer while we boost scores up.Otherwise, just kicking tail as usual.

I could get $1450+ or so on an LO and at least 2-3% down.

It would make a great L/O or Rental.

Stumbled upon this forum and I am amazed with the ton of info that available.I'm hoping to start out with LO and SUB2 soon.

Now if I would L/O the sub L/O when it came time to close would I have to do a double closing?