Does this sound legit, is this a real possibility?

Sounds like deals have been more challenging to come by. 

Your way sounds like a good option with less recourse.

It's a good question, but without sounding stereotypical, it makes people our age less stressed and anxious to buy a house when someone their age is helping them through it, and that's where we have an advantage.

From what you write, it sounds like the tenants do have existing, one year leases.  

This sounds a little bit like a dating profile but hey, lets give it a shot!

Being a landlord while not making any money sounds like a non-ideal situation!

I explained everything to them, it sounded like they are willing to go legal, I bailed out as I did not have appetite, so I let them go.Learnt two lessons (1) re work on my lease contract and make it fool proof (2) build network with fellow investors in the neighborhood to guide this rookie :)@ronald Rohde, Bart Hedgecock - can I use TAR without paying top dollars to leasing agent or Attorney?

Elliot Lamson I love the book Owner Will Carry: How to Take Back a Mortgage Without Being Taken by Bill Broadbent I started reading this book when I was 19 and it got me stared in the note business...and it’s great for rent to own just for structuring a sound contract and if you need a bit more of capital you can sell to note buyers

I have come across a reading that says"No such broker shall engage in an independent brokerage practice without first having served actively as a real estate broker for at least two years."