We're looking to convert our current home into a rental with the option to purchase.Would anyone happen to have any thoughts, tips, recommendations on structuring a lease option?

Current Market Conditions: Evaluate whether your local market favors quick sales (fix & flip) or stable rental demand (buy & hold).2.

[Status]- Our current home is owned free and clear with no mortgage on it (Est value 199K).- We will keep our current home as an investment property.- We will get a new home as our primary residence (Approx  400K).- We will be taking a loan against the current home to cover the down payment for the new home.- Additionally, we will use the loan to remodel our current home and rent out. 

I currently own a property under a USDA loan, which has $100k in equity and generates $250 a month in cash flow from rent.

You have very strong equity in your current home, but you don't want to burn it all and make your house worth less with more leverage.

I used to live in the property and are in very good terms with the previous neighbors, and don't want to risk anything given the shady past/current behavior from the tenants. 

Fully occupied currently, we are grossing $600 per week or $2400 per month roughly.

As I mentioned we are relatively new to the area and are currently starting up our business from scratch.

Does anyone know of any lenders that are currently (Spring 2015) offering such a loan?

I just signed a consultancy agreement with a data center developer who is currently looking to purchase property suitable for data center development within the Commonwealth of Virginia.