In an area that houses are selling for well above $75k , but the only experience you have in real estate has been wholesaling and lease options.

Now you want to sell the property but convey the lease option too? 

@Reggie MaggardIf you can get copies of the current leases, or the terms of the leases, that would be good.

That will depend on whether the tenants have existing long term leases and what your state laws require for notice. 

Question: She asked me if we could terminate the existing lease so that other spouse can be released from it (spouse got their own place) and do a new month-to-month lease.

I use him for my reviewing my PSA's and drafting lease agreements.

This is important for the possibility of your loan getting approved but also a major factor in a seller's decision to accept an FHA financed offer over an investor who is paying cash or financing with a conventional or commercial loan.I would suggest taking a different approach with your FHA loan and looking for a property that you would want to live in for an extended period of time but also would cash flow if leased it after satisfying your FHA owner-occupancy time requirements. 

Once the renovations are completed and we get a tenant moved in, and lease signed the revenue will increase by approximately 37%, so I want to go back to the bank and get a new appraisal to determine a new value. 

I have an assignment Lease Option REI business and was wondering do other Lease Option assignment folks pre qualify their tenant buyers before you assign the lease option agreement and if so, exactly what process is used?

My lease says that the tenant is responsible for flea and pests control related costs that occur during her occupancy.