If you DO include any utilities, you MAY be able to leave these outside the lease agreement.. example, lease reads no utilities included & agreement X reads they pay you $____/ month for ______ utilities and that you may change this rate with 30 days notice.

The unit is rented for the next 2 years. 1 year leases are the norm so the students pay even if they leave for the summer.

I'm intentionally leaving out a lot of the details, because my question is more general.

It is more economical to do it all at once.Winterizing often leaves you with some cracked fittings or faucets in the basement, which are easy to replace, but the main goal is to preserve the water heater, toilets and the in wall plumbing from frost damage.

This leaves about the first 7" of shingle exposed to the wind.

If pictures are going to prevent people from coming out (Hoarder) then it's best to leave them out.

Looking at those factors, I felt more comfortable leaving my cash in the stock market- growing it slowly until i found a deal that would cash flow better.I finally decided to look out of state.

What I find is the best situation for a lease option is when the person has little to no equity or is upside down... the place needs a lot of repair work that they don't have money for... they have no desire to be a landlord... and they don't need to buy another house anytime soon so it's not problematic to leave the loan in their name for the duration of your lease option period.Find that person in that situation and then your job is to let them know how the lease option solves their problems.

Wow long does it take for you guys to find tenants and how long do they usually stay before leaving and buying a place of their own?

That leaves you with equity of $780k, of which you used $180k for an education and renovations.