Now there is something called due on sale clause and this can be exercised if title is changed out of your name. 

@Hugh TrotmanYou might try this exercise - but I warn you, it's exhausting.Your goal is to be resourceful and stretch, not yourself, but your network.What can you get your network to do for you?

Could you find a sample promissory note with such a loan structure, run it by an RSA lawyer and find lender prospects?

It's crucial to see a sample of houses to calibrate for yourself how accurate the estimates are.

But finding GOOD lease option buyers to assign to is a much more difficult task, because the reality is that 70% of people who call me on my ads are not a good fit, and likely wouldn't be able to actually exercise their "first right of purchase" on the home after I assign to them before the expiration date.

He keeps the signed deed in a vault in his office until the option is exercised, then he records it with the clerk.

So here is a sample scenario:$60,000 purchase price25% down = $15k, advanced from the line of credit$45k purchase money loan based upon the value of the homeThe loan rate for the purchase money would be around 5-5.25%, the line of credit rate would be in the 5.25%-5.50% range.

At minimum the tenant needs to be instructed that they must exercise better hygiene, and I would put this in writing in case you have to sue in small claims for damages.

Would be happy to send you a sample.

DM me your email and I'll send you a sample of what I send my investors.