So even if you have a super nice house, there's a good chance that other than renting out "faster" it won't have any affect on the price.Therefore we make our houses "nice" but we do not improve or upgrade them more than our competition aloes.

Thanks Marv,But is there ever a situation where an Agreement for Deed would be a better way to go over a LO Agreement in a LO or a Sandwich LO. 

@Darrell Shepherd When you say sub2 to LO, you're meaning you buy it subject 2 and you sell it as a LO?  

With a class D borrower in a LO, I know they'll rent for at least a year or 2 before they'll be able to get a loan to excersize the option.

I recently figured out that a LO deal, duration and rent credits has to be accepted by the eventual bank who cashes the deal out in 1-3 years.

With $30k in equity, a CA lease option might be the way to go, and @Brian Gibbons can certainly give you input on that.With a LO though, she'll still retain title, so you just have to see what are the best options for the seller.

@Brian Gibbons is right on with what he said..Here are the challenges you need to be aware of with doing a LO with a current tenant..THey have NO money to put towards the option feeThey already LIVE in the house, so they don't have much to loseThey have NO direction or education about getting ready for financingIf you don't get additional money down, you basically have a glorified lease in place.As Brian said, get them with a mortgage broker and see where they stand so you can determine what is the best option.They may be agreat, or they may be so bad that they'll never finance.

So you used a LO to purchase this property as your primary residence? 

The upstate Reia meets off of Verde in greenville.

buy on a LO?