You want them wound together.

I wound up dropping all my classes, due to being unable to make the transition to having to study for the first time in my life.When I enrolled at a trade school a year or so later, it was well run.

Samuel, you're picking at a market with fresh wounds, 3 years might work but I'd generally not, that's cutting it too tight actually at 36 months, there needs to be a couple months to finance and close if everything else is good. 4 or 5 years is more like it since you're looking at newly foreclosed/delinquent borrowers.Also, an option sets a price up front to be sold in the future, you don't get the equity gained over the contract period unless you state that it is to be sold at a future based price, like an appraised value and doing so puts additional strains on a buyer as to the LTV.Lots written here about lease options, I suggest you study here and close the guru books as to the marketing aspects until there is a clear understanding of what an option is and the financing issues involved

Here's how it went down:1. 3 offers; I got 2nd place ($55k).2. 1st place wound up backing out (found out later there offer was for $57500)3.

Get out there and do deals and don't get wound up in these distractions.

I wound up buying and rehabbing all cash then immediately after rehab was completed I took out a mortgage under the delayed financing guidelines.  

Things that contribute to a greater price per square foot are: flooring covered with paint ( I could barely get anyone to even quote me on this and we wound up doing it ourselves), stairs, staining (it is an extra coat), nails poking up, water based finish.

Sure, it had a ton of names, but we wound up getting calls from people who owned tiny vacant lots and condos when our criteria had called for SFH's.

I wound up re-signing a new lease with the female who's still there. 

Or maybe he wants 150K for the house.......great, but there will have to be some honey in the deal, like no money down, or principal only loan.At some point, the END BUYER is going to refinance into a conventional loanSo the offer a wholesaler can make to a seller is "do you need the money NOW" (cash deal) or "are you ok with getting the money over time" (SF, LO, or Land Trust)This is a funny thread because I have wound up answering questions when I was actually looking for answers.