Here Are The List Of Steps And Documents That I Use:Check List Buying Real Estate With Lease Options.1.Optioned Property Information Worksheet, 2.Optionor/Seller's Property Disclosure Statement, 3.Standard Real Estate Lease Agreement, 4.Option To Purchase Real Estate Agreement, 5.Real Estate Optionor/Seller’s Affidavit, 6.Notice Of Real Estate Option Agreement, .Checklist Selling Real Estate With Lease OptionUse When You Are Optioning To Sell And You Are The Seller1.Have Each Applicant Complete “Application For Lease/Option†To Be Submitted With Reservation Check And Photo Copies Of Identification, Social Security Card, Pay Check Stub And Last Years W-2 Form. 2.Complete “Application Receipt Agreementâ€, 3.Confirm Information On Application And Pull Credit Report. 4.Verify Funds In Account And Deposit Reservation Money Check. 5.Prepare And Execute “Standard Real Estate Rental Agreement†6.“Move-In/Move-Out Inspection Report†7.Prepare And Execute “Real Estate Option Agreement†8.Mark Your Calendar For A Date Before Which The Option Must Be Exercised And Write A Letter Or Call To Remind Optionee/Buyer Of The Timing In Order To Insure That The Date Does Not Pass Unnoticed. 9.Upon The Receipt Of Buyer's “Notice Of Intent To Exercise Real Estate Option†Within The Time And In The Manner Allowed Under The “Real Estate Option Agreementâ€, Then; Prepare And Execute Standard Real Estate Purchase And Sale Agreementâ€10.Follow Standard Procedures For Closing The Sale. 11.If Extending Option Term, Prepare And Execute “Extension Of Option To Purchase Real Estate Agreementâ€Now those are some of the documents and steps that I would use.

. - You almost certainly need to use the 95% identification rule (ie. where you identify more that 3 properties of any FMV and more than 200% of the FMV of what you sold for $750K) to purchase this many replacement properties.

If you complete the entire exchange within 45 days of the relinquished property settlement, you don't even have to make written identification of the replacement property.

I would advise you to create an agent account (not a vendor account) using a different email address and providing a valid professional identification number when prompted for a real estate license number (bar numbers work, as do EIN numbers).

Proper identification, and proof of, will hold them somewhat accountable.

I've put in 12 - 18 hour days, 6 days a week, working on building this vision - from concept to logistics, marketing strategies, market identification, building a network of vendors, chatting with investors, building business development strategies that have passed proof of concept, creating hiring strategies and an online HR management system, building a social media presence, creating marketing agency-grade marketing collateral, establishing branding, website building, building relationships with hard money lenders, you name it, I've worked on it and achieved success there.

So selling one for 500 and buying two for 250 is fine.The key is going to be building your identification list and keeping it compliant while adhering to your timelines.  

Proper identification of tenants is also needed if you want any chance of having local code enforcement write tickets against the tenant and not the owner.Any Legal Action Documents: you’ll definitely want to know if the current landlord is evicting or suing the current tenant(s).

Here in TX, pretty much all someone would need is an identification in the name of the seller.

Because as @Bill Brandt said, the aggregate value of your identification list ($750K)was less than 200% of the value of your sale ($600K).