My daughter went with a Lenox furnace & a/c. 2 yrs later (2016) both the blower & inducer motors died???.

@Joseph Denesowicz You're already renting it, just ask them to do a rent to own for a couple of years and exercise your option to purchase as soon as you have the cash and can qualify for the financing.

What are my risks of buying a property which was sold at a foreclosure auction to one party (who may have made immediate improvements) and then the property was taken by a party which had purchased/exercised  redemption rights. 

Hello everyone that reads this,I'm reaching out to anyone that may have already done the math/thought exercise.

He claims if you can't take the 10 minutes to do this exercise, how can you possibly commit yourself to the hard work needed to succeed?

Raising capital is already a time-consuming, challenging, and risky enough exercise.

If you get over that large hurdle then a lease option can work if you actually save for the purchase and you do not get unlucky to hit a depreciation cycle.Both people I have known that have had lease options chose not to exercise them because of a depreciation cycle.  

Considerations are how much for the option to purchase/ (the right to purchase at a specific price in the future) Ideally for you the answer is zero.How long to exercise the option?

So is this market run real or low interest rate induced?

:Meditation Exercise BreakfastReadingNewsThanks!