I've had a bunch of them taken down and I can't remember it ever costing me more than $1000 per tree for the biggest ones. 

I knew it was time to take my goals to the next level and felt BiggerPockets was the ideal community to begin learning from and participating in.

It might be ideal if you get a long term tenant that is a real wear and tear specialist, one that squeezes the last useful life out of all the components... then out with the old, in with the new...Best of luck!

I would like to cash flow at least $200/mo, although $300 would be ideal.

Remember that assignment of an agreement of sale is a taxable event in Pennsylvania.

Everyone is going to say month to month is ideal for the landlord and that is true but wait till you do a cash out refi .

@Aaron Klatt I believe anything you spend is just deducted from the total LOC and your payments are based on how much you're actually using similar to a HELOC but I could be completely wrong that's just my understanding of it from the limited information I remember reading.

If you get another one of those emails please remember me and pass it on. 

Do not record the actual option.To finalize the deal, as you describe, you would need a simultaneous closing with the seller giving title to you, and then you to the end buyer.But remember, Just because you have an option to purchase at a set price for a set term, does not make you the owner of the property.  

When starting out and doing most of the work yourself (or paying help in pizza and beer), remember perhaps the one most important phrase in this wonderful rental business:  "THE ONLY THING WORSE THAN A VACANT UNIT, IS A UNIT WITH A BAD TENANT IN IT."