And are you suggesting to do a DSCR loan for any strategy or a specific one?

The fact that RentRedi doesn't have another option (and apparently aren't open to suggestions?)

The lawyer says he is pretty confident but since he has not read the entire lease, he says he can review it at additional cost if needed.

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

My lawyer suggests in a situation like this that I give them a notice that I am the new owner and that as of a certain date they owe market rent of $X,XXX.

Let’s connect and chat about potential opportunities—I may have some suggestions that could align with your goals!

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Quote from @Abhishek Wahi: Hi All,Looking for a suggestion, is Plymouth Michigan a good area to invest in a Rental Property? 

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

@Jose Morales Is there a reasonable expectation backed by fundamentals suggesting these properties valued at $25K will appreciate?