Sort of a live in fix and flip.Now, buying on a lease option won't work because you don't actually own it.

You can do a search at their website for all sorts of lenders.Jeff

Is he as motivated to get the units rented as I am, no.

You will need to have a motivated executor to get the ball rolling on a deal and submit all the required documents to the servicer (not saying its impossible).

It just depends on what you think the motivation is.

I am an ex real estate agent and have over 15 years in and around the Real Estate industry.I am looking at using Lease Options as my initial means of buying from motivated seller and selling to tenant/buyers.Any and all help and advice will be greatly appreciated.

The realtor's motivation is to sell you property.

To make a long story short, the listing agent has a history of being difficult to work with and both my lender and agent believe he discouraged the asset manager from any sort of rehab financing.I understand how normal financing would not work since it does need rehab.

I could incorprate these changes into the side to be renovated, but retrofitting them into the already completed side would be more difficult.I am looking to hear anyone's experience as to what the cost of a sprinkler sytem/ alarm system might be and if there are other incremental costs or regulations that should be anticipated that I haven't thought of.For the extra $500 per month income and some decrease in insurance costs, I am motivated to do this, but the regulatory hassels are less as a two unit.What do you think?

Jeff -- if time is very tight for you, I don't know how you can manage the risk of ANY sort of long distance investing, whether it's straight trust deed, equity sharing, or developing a comprehensive team.