I’m currently reading books, learning about markets, and gaining a great deal of knowledge in the property investment “game”.

That I could take some of my inheritance and savings, around $400K total tied up in investments with TD Waterhouse, and using a portion of it to invest in a rental property(s)Currently without a job and hesitant to return to a similar situation, I'm at a crossroads.

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.

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

[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 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. 

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.

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

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