I'm in Champaign as well and think @Scott Dixon hit the nail on the head with his comment pertaining to rental units on campus.

I have some ideas regarding lease to purchase options as it may pertain to home buyers and investors but would appreciate advice from others.

I went through legal training regarding this subject 25 years ago, but I'm sure things have changed, and I am not finding a comprehensive guide pertaining to Michigan law.  

Is there any discrimination laws that pertain to this situation?

Lien positions are important to discuss with the person because they want security but most HMLs don't like there to be a 2nd lien On the property (this only pertains to private lenders for gap funding.)You have to be honest with people and don't fluff numbers.

Thanks Wayne.Could you point me in the direction of seeing example contracts pertaining to sub2 / wrap transactions?

John -- read and bookmark your local and state codes that pertain to rental real estate.Some are quirky, like the one around here that requires screen doors unless a screened window is within a certain distance of the door.In any event, it's always best to stay ahead of the curve in the rental business.

Before I created my website, I looked at many other investors websites pertaining to wholesaling (that is the purpose of my site), and I created a site that used a lot of the combined attributes from the other sites.

Through further research I found the California Civil Code Section 1945 that pertains to this.

Specifically one for "Charlotte"  That way you can see all the discussions that pertain to the area as well as those that are investing here.