.- Check town records for properties without C/Os.

As for L/Os personally I a flipper...

You want to be sure to put the property in the trust at the start os the short sale.

Convince me you have a viable strategy that will make this work.I have several other areas of concern with sandwich leases & L/Os, but lets see if this deal is even a real starter before getting into those.

We are set to close this coming Thursday and as os now, the property will be in my name.

@ Minh L thats os awesome thanks for the lead.

cold calling (CC) even paying 100/week to an OS VA via a professional CC firm is yielding about 2 -3 warm leads a month and nothing so far.  

Any lease option arrangement will require the lender to assess the market rents that should have been paid and allow only excess amounts toward equity, big problem with L/Os as the buyer thinks the get credited with X dollars as agreed, not so, the lender only credits amounts above market rents that should have been paid.I suggest you get with a lender and have them help you design a deal that can be refinanced in the time as you expect it to be refinanced. ;)

C of Os usually list bedroom location and numbers by floor. if a C of O does not list (nor was amended to show) bedrooms in the basement, they are illegal.not only do conventional lenders practically never count rental income for a single family primary residence, but similar issues arise when doing taxes - unless the local zoning particular to your property allows ADUs and was done with proper permits etc or u are only renting out legal bedroom/s to lodger/roomate/s (ie, basement 'bedrooms' are often illegal and a huge fire/death hazard).

That os for you to discuss with your local HVAC contractors.