I usually plan on a minimum 2 years lease and would extend up to 5 years if cash flow is good, depending upon the worthiness of the lease option buyer.. 

I have an open mind when it comes to the type of task at this point yet i feel some will be worthy of small compensation. i am not looking for a part time job necessarily although i am gainfully employed full-time I am in hopes that this can be a win win situation with the amount of members/ transaction taking place in and around this wonderful bigger pockets community. i am open to any and all suggestions and eager to know if i can start immediately analyzing real concrete deals locally and or from a far. 

So if you are married and you and your wife have credit worthiness.

For what it's worth, I have had amazing results with using a duplex for VRs. 

@Ryan Rather not say There are several lenders here that will give you ten mortgages, assuming you are credit worthy. 

Of course the gift implications may not even be anything to worry about depending on who is loaning your the money and what their net worth is.

Perhaps the OP needs to pull his own comps to see if what he thinks the property is worth is accurate.

If he were funding the whole thing, that is more partner worthy and 50/50 is common.If for some reason you think you need this particular guy and no one else will do the deal....or if you hope to develop the relationship into one where he funds a bunch of deals, maybe 25%?

Didn't buy with it but it showed them I was credit worthy to buy there house. 

If you're looking to simply liquidate and prefer short term, give him a two year note, coach him on increasing credit worthiness, and force him to refi at the end of two years, with a possible one year extension with an associated fee.Good luck!