Do not take this lightly.3.

Warning you, he's gonna be trouble.

Many people I talk to for advice (outside of the real estate investment world) warn that it's going to be hell, that renters have all the rights, they'll trash the place, you'll end up in court -- somehow I'll be screwed and it's best to cash out, take the capital gains tax exemption and move along. 

This is what I was told by a RE Attorney when I asked about them drafting up the paperwork for it.The only thing I want to warn you about is that every lease option that I have seen go to court as an eviction, where the tenant/buyer showed up and fought it, the local magistrates have always kicked it up to circuit court if they find out that there is a purchase agreement or option to buy in place.

@Nicholas Pedrick we like properties that require either very light rehab or none at all.

Just a warning, but do call them to find out!

Hi,Hopefully I can shed some light on this.... 

Anybody able to shed some light on this or recommend some lenders in the area that would?

@Alexandra Hansil you may want to tread lightly here, I'd consult an attorney for crafting you letter as the rules around COVID-19 evictions and notices are ever changing, also consider your relationship with the tenant perhaps you can find out more with a conversation.

@Timothy VintHey Tim,I would highly recommend doing a ‘light live in flip.’