Therefore, a lease-option is really just a rental with the exception being that some of your operating expense are deferred until you get the property back.I've got to go, but I'll try to expound on this later.In my opinion, this is a terrible deal and I would pass!

With a principal of roughly $1,300 per month and assuming a $250 per month HOA, you are still at about $2,000 total monthly after your operating expenses.

Mike can you share your annual dollar volume from RE operations?

In Fiscal Year 2006, the U.S. government operated with $2.407 trillion in revenue.

I would recommend an LLC with an operating agreement and I would get a lawyer to draw everything up.

Heather, Here is how I see these deals: Deal 1: Gross rents: $1,650 Operating Expenses: $825 NOI: $825 Mortgage: (30yr, 7%, $129,900; NOO): $864 Cash flow: $39 LOSS (OUCH)!

The installation shall comply with the following:(a) A non-grounding type receptacle shall be permitted to be replaced with another non-grounding type receptacle(b) a non-grounding type receptacle shall be permitted to be replaced with a ground-fault circuit interrupter type of receptacle.

The $1500 operating expenses are things like taxes, insurance, management (even if you do it yourself), maintenance, advertising, office expenses, utilities (even if only during vacancies), legal fees, evictions, damage done by tenants in excess of the security deposit, etc, etc, etc.

According to Marcus and Millichap apartment complexes are still holding as long as they can make it through the toughest year we will face yet in 2009 I quote from their website: "The challenge will be getting through 2009, which will require exceptional tenant retention, aggressive marketing at the property level and an unwavering focus on operations."

NYFD, NYPD, and all the ferry boat operators also did a great job of getting everyone off quickly and safely.