Hi BrianLease options and seller financing are different kettle of fish compared to buy-and-hold renting out.One of the biggest things about selling houses on terms is getting the property back if the tenant buyer does not pay you.This takes an education of legal issues in your state if you're in Lexington Kentucky I would first get a good contract lawyer that deals in real estate matters.

As an update, I am not completely new to the rental environment.  

Totally agree that no equity deals can be picked up, takes greater knowledge along with a cooperating market environment.

I will definitely still do my due diligence, but I am feeling better about this property than I was before seeing it.Seller wants to be able to fish and work in his workshop all day.  

They also don't understand that DFW is not a homogeneous environment. 

Or will the electrician have to cut sheetrock and fish wires? 

From my limited time here, BP seems to be a very optimistic and helpful environment.

There's no reason to make the change if the current system is working well and the tenants are happy.But, in addition to getting the utilities out of your name, tenants in MF houses will be happier with control of their own environment.

You'll obviously need to determine whether she has full IAEA powers or if limited or special, court confirmation will be required (a whole 'nuther kettle of fish). 

When you're the big fish in the small pond (town) you can get really good buys, and cash flow is the game.