Lease Option Assignments take less time and you are out of the deal, quick cash.Question for you, Mark, what if your Tenant Buyer does not pay, do you have 1 - 3 months expenses to evict, clean up, repair, and remarket?

I believe you are asking about Flipping.Although each Flip is different, you should do/review the following:[list]Kitchen rehabBath rehabPaint throughoutNew flooring (or refinish wood floors)Clean up curb appeal by painting house or landscaping.

The only expenses she said they had are :"water ($120 - $160 monthly per building), trash (shared dumpster), insurance,taxes, yard clean-up and maintenance as needed.

I am looking forward to meeting all of you at some point.Julie Marquez - I am an environmental engineer, with an emphasis on water policy, water regulations and permitting, contaminated site cleanup and stormwater management.   

(in the house example- the house where the tree falls onto is responsible through their property insurance to pay for the clean up and rebuilding - not the property where the tree came from).

Usually with these types of houses you can throw on some paint, new flooring, and clean up the yards to have a perfect rental property.

I am now considering my plan B.Beside the obvious downfalls of consistently needing to clean up after short term tenants/inconsistency of income, what is your opinion on cash-flow/benefits between the two?

Major cleanup and donation of goods to charity.

The borrower's original plan was to do minor repairs and clean up and to re-market the properties to local investors interested in purchasing individual or smaller groups of these homes.

Whoever buys the house now is likely going to approach it as a project, not necessarily a "home" - which means you're probably not going to get as much as you are hoping / thinking.You might end up having to pay 10k to get the rest of it done and to clean up whatever needs fixing, but you would be selling the house to a different type of buyer.