This will more than likely cause the new primary residence loan to not be issued.

@Rachel Yakubov do you own your primary residence?  

Small towns with 2,000 residents are not in "dire need of rentals".

Purchase would be from the R.M. but you would need to verify the owner is no longer in residence (both parties).I would expect all RM's to be underwater and thus never expect any margin left for FMV sale even it you obtained title.

Have a prospect who is absentee landlord, has owned residence since 1972, currently owes approx. $58K, according to her.

., resident in the forums.Click on the "Education Tab" at the top of the page, and you could be spending many hours on the Information that is available.Raymond

BP community,Hello to all I wanted to start a discussion on Lease Purchase, I want to know how to decide when a investor should consider this solution to 

But you might want to check out the list of software solutions that BP provides here.  

Most think of that classification as upper-middle class, median price range and above for both home and income of the resident.  

I will also be moving out of my personal residence and into a new one later this fall and attempting to rent that one out as well.