My dream, though slightly evil in its intentions, is to not have an education and to employ those that do.

See http://www.biggerpockets.com/files/user/REISkills/file/letter-of-intent-lease-option-assignment for the Letter Of Intent I use.Once you sign up the seller, cloud the title, you may have luck in find a leasing agent to fill the tenant buyer for 1 months rent, and you pocket the the option fee.

I asked if she had a Realtor and she says no and she tells me the details of the bank's intention to give notice the first part of July.

John I'm about to say something that might resemble legal advice, but that isn't my intent.

We have an odd situation; We bought a property with the intent to rent it post rehab.

I support the intent but IMHO the lack of % returns and time period chosen, slant it a bit too heavily towards appreciation :http://www.marketwatch.com/story/where-you-can-cle...I love this quote from @Amit M. 

I am very upfront and specific about my intent using the option contract."

The IRS is going to evaluate each deal on its own merits to determine if your intent was to flip or rent.

Samantha - I have no intentions on showing the houses myself.

I recently obtained my RE salesperson license with the intention of helping my parents grow their portfolio and purchasing my first property.