none of us can tell u whats best for u but I will say from my experience, ive learned for me its best to live off the eggs of golden goose as opposed to killing the goose..

And there's always some great articles at: http://www.biggerpockets.com/renewsblog/Also, I'd check out the free BiggerPockets Podcast Josh and Brandon do an excellent job of bringing different guests on and finding golden nuggets of info.

River City Bank and Golden Pacific Bank are local portfolio lenders.

Do this @Kevin Simpson-Verger and you should be golden.

Welcome @Valerie Rogers from Golden!

If I've found the golden tenant and have no need to use the security deposit for damages, They would then receive their $682.50 ???

What you seem to be considering is a short term purchase/financing arrangement (lease-option) for long term asset needs (buy-hold) which violates the first golden rule of financing assets, you need a long term financing arrangement to acquire for long term assets.Another point, with rates so low, they will be higher in 3-5 years.

Though golden...

So as long as the paperwork is done correctly and everybody is in the know it is golden?

I hope the property in CA has a positive cash-flow as that is rather hard to get in the golden state.