There is a myth that the lease-option is easier to gain possession of a property where a buyer defaults, the L/O can be if everything goes as planned but if you get an optionee fighting you it can take longer than a foreclosure in a non-judicial proceeding.The target market mentioned, BK, FC, SS, folks are not really suited for such a short term, 18 month, transaction it depends on where they are in those circumstances.

In the past we were more forgiving and it ultimately just backfires...With that said, under certain circumstances we bend the rules and forgive a portion of the fee if the tenant is proactive and let's us know the situation.

Just be sure and have wording in the lease to address that specific circumstance/dynamic.How many students are you looking to rent to?

Time and circumstances change all things.I have a rule of thumb that I follow regardless of which category they fall into.

maybe when inventories are more "normal" and demand isn't spurred on b/c of the unusual circumstances (low mortgage, low inventory, high demand - hedge, small investors, & retail monies), i will be able to see more clearly.

I am still a couple of years away from starting so I am on this board looking for any advice from those who are or have been in similiar circumstances.

I'm sure having an MSRE degree would certainly be appealing in certain circumstances.

Upon looking up information on the eviction process, I realized that I did not change the status of my house to non-homestead and I neglected to inform our insurance company.

I'm wondering what the circumstances are on this, as this depends on how the financing was set up and if the lender knows it's in a business entity with a commercial or personal loan.....just exploring at this point.The other is taking a one half undivided interest and refinancing it together, both on the note, then the seller can exit later selling the interest, when that is paid he conveys that interest but stays on the note and deed of trust.

The ethical way to address these issues is to allow that buyer to sell, in such circumstances where they are already at some disadvantage and facilitate the new deal allowing them to retain the equity they earned.