I purchase my personal investments to maximize their equity and hold long term.

Of course most GPs have personally put in money to keep the deals from sinking.

@Matt Solis would be the perfect person to speak to about this!

It also gives you multiple work surfaces so you can have more than one person in the kitchen without getting in each others' way.

I personally wouldn't buy an old home as a rental, I only buy 1980 or newer for myself, all of my properties are in the north part of Gilbert built between 1985-2003.

That could work if you find the right person.

We purchased it off market, as-is, and as it was our personal home, we renovated over time.

Highly suggest coming out to some of the local chicago IN-PERSON meetups! 

I only spoke with one person so far and they scheduled for more information gathering/ rental investment calls from them this upcoming week.

I have sold some properties years ago on lease options where the tenant buyers actually exercise their right and purchased the property. ( I was in the deed.)The reason I am concerned to tie another person’s property up  with the lease option is that people can change their mind, as in the seller.