So while I'm not going to say whether or not you should go through with it, I'll try to provide you with some things to consider when making your decision.Pros:You can get the payment off your booksYou can sell the property for full price, when it doesn't appear that there is much interest right nowAssuming you are requiring an option payment (which I would suggest), you will get some additional cash nowSo basically the Pros can be summed up in that you have the potential to do pretty well financiallyCons:Lease options typically require less landlord hassle, but at the end of the day you are still a landlordThey could trash the house and then not buy itThey could stop paying and make you evict them, costing you time and money (there is also the possibility with lease options if they aren't structured properly that the courts could deem them to be a sale rather than a leasing arrangement in which case you would have to foreclose instead of the less painful eviction).

I understand that without proper meeting minutes a savvy lawyer has a better chance to pierce the corporate veil.

Dwayne - If I had to correct all of the grammatical and punctuation errors on the forums, I'd be doing it full-time.Sadly, as instant messaging emerged as a form of communication, the proper use of the English language declined.

If you can find a deal where the rents properly support the investment, it shouldn't matter if the property is a foreclosure or a listed property.

Me personally, I have absolutly no exp. and am 100% focused on learning as much as I can.

I utilize this technique properly therefore I have had alot of success with it.

They failed to get the proper permits and a STOP WORK order was issued by the city.

Then be sure to compensate them properly.

Make sure you know how to properly evaluate a deal and you are offering your buyers true deals.

There is a old saying about hand guns "proper grip leads to proper sight alignment", if you can't hold the gun right your probably not going to be able to shoot right.