I prefer the more direct and swifter approach.

There is no wrong path, but it sounds like flipping is the better approach, in my opinion.

Your best approach may be to go in with a cash offer to be able to close quicker.

My agent is really key  one big way, she hasn't brought me a deal yet with less than 70k profit.

They said last year they brought in 5500 per month total.

Have any way to approach it?

As someone who is looking at buying their first property very soon.... these moments are the ones I look to for information on the processes and outcomes.What did you have to have prepared when you approached the Landlord Board?

I can sell it to him out-right and he can mortgage with 20% down but with my [limited] understanding of lease options I thought I might be able to approach him saying he could buy the option with 10% down and work out the other terms.As Brendon mentioned, it sounds like it might just be more hassle than it's worth and I don't want to put him off trying to force the L/O. 

Admins and moderators can be brought into any conversation regardless if you are colleagues.

Cashflow=Rent-PI-Taxes-Insurance)Of course Brandon's approach brings more peace of mind, and make more financial sense, but I would like to hear some different perspectives on how everyone out there is calculating (and taking decisions) around these ...