Try offering a one year lease at $3000, if you are unsure of the advantages of M2M, as a alternative and see what they say.Fact is they are considering moving, when is uncertain, but likely hood is that reducing their rent $200 is only going to cost you money and not change their plans down the road.

Texas got so pissed off a number of years ago at LO'ers they even legislated tough lease-option regs because of what investors did to LO / CFD investors did to tenants.Run a clean, ethical business. 

page=legnew0807Why not avoid all the uncertainly and just use a month to month lease?

Most conventional loans take 30-45 days, because of bureaucracy and legislated steps, see if they can move faster if you submit your docs ahead of time and just give them your current pay stubs when you are ready. 

I’ve always been aware of real estate investing as a wealth generation vehicle, but I was always uncertain if it was one within my reach.

.- Potential space to move laundry into upstairs bathroom closet vs basement - Can maybe get away with toilet/vanity replacement in each bathroom- Uncertain if painting or replacing cabinets with ikea type is worth it- Any in-ceiling lighting will cause a disaster with electrical since it is out of date- Repave/fix concrete front porch and side porch - replace/paint railing- Replace front walkway cement, or remove walkway and replace with right angled walk to driveway (may not provide ROI)- Tear down vs paint garage port in back yard

Ian they passed short term rentals and most of the legislation goes into affect later this year or early next year in columbus , we are short term rental operators. 

Feeling a little uncertain with all of the options out there but we’re anxious to get started and grow our passive income!

However, if your contract states that the seller has agreed to escrow $x for repairs for which the total $ is uncertain... 

Legislation is working it way through the system to prevent landlords from outright refusing to accept Section 8.