.* The taxpayer can acquire title to the property under a purchase option price that is nominal in relation to the value of the property at the time the option may be exercised.* Some portion of the rental payments is specifically designated or readily recognized as interest.* The sum of the rental payments and purchase option approximates the original purchase price plus interest and carrying charges.* The lease requires the lessee/buyer to make substantial improvements to the property.So, yes, you can do a lease option that the IRS deems is a disguised sale (which most lease options are, including John Jackson's) and have it fall under Dodd-Frank. 

(number of paying lots that are actually paying, not just total lot count) x (lot rent for the area) x 12 (months) x (0.7 figure a 30% expense ratio) = NOINOI / 0.1 (10% cap rate) + (some nominal value for the home say $3k) x (number of homes) = offer price.Just guessing at $180 lot rent in Cleveland x 21 x 12 x 0.7 / 0.1 = $317kI'd offer: 20% down, seller finances 80% at 5% 25yr amortization and a 7 yr baloon.$63k down

In my state you can just file a form with the Sec of State's office, plus a nominal fee, and you're good to go.  

I do not usually handle that, my PM takes care of rent and collecting, i will ask what they do in that situation. but to me that's a nominal amount to being able to keep the tenant there and not having the place vacant.

I guess the units were rented below the nominal rentals going on in that neighborhood.

You can then negotiate a nominal amount to cover everything else.

Disabled owners would not keep assets, or hide financials, just seek a legal living plan for managing nominal surplus funds within boundaries. 

While you have LTR tenants, have you raised the rent even a nominal amount. 

Also, thoughts on just buying it and nominally fixing it and turning it around and selling it?  

For anyone who invest in this area do you have tips on how to go about getting this contact for an out-of-state property manager and would this be a nominal fee if they are called upon or any additional information on this?