It appears as though a glitch has occurred.

The bad news is that there appears to be an endless supply of speculators with money.

This will motivate you to buy your next home...and believe me it's a lot easier to get owner-occupied home owner loans...than investor loans.Once you own the second home...and you've learned all about land-lording from your first home...and that is how you "learn" in this business...on the job...evaluate if you like being in the real estate business...cuz it is a business...not an investment.

My guess is that the difference is small, compared to the number of sales that took place in the last 10 years.If you're asking a supply/demand question over time, that's much easier to answer.

Geddes appears to be in Nashville, Tenn at a project called Port Royal,Registered agent for TRADA in Texas is Todd Prins, an attorney in San Antonio.John Vogt is represented by an Attorney from Kerrville, Steve Schulte.

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).

This is a lot less expensive and easier to manage.

I would hold and rent.I am not familiar with the market in your area, but I wil take a stab at it and say it is not a sellers market.A few months or years and the market may change allowing you to sell quicker for more money.Plus, you know this property intimately making it easier to maintain.

If you have a buyer who is ready to bring 10k to the table and all of the other numbers work, then it appears you are in a good position.

It might be a bit easier to start out closer to your home.It's great to have you aboard.