Like Page Huyette and James Vermillion said, a Lease Option Assignment, done correctly can get you a nice assignment gee.Ex) $100K compsRent $80024 month termYou lease option from seller with intent to assign for a feeYou then market for tenant buyerThen assign the deal for say 3-5%.See http://www.biggerpockets.com/blogs/3/blog_posts/5083-why-i-love-lease-option-assignments-rather-than-sandwich-lease-optionsHope that helps!

Intentionally going for the aged look from the beginning.Best of luck to you in whatever you decide.

oh i realized after i posted and read it this morning that i left out one important point in my last post.the plans you make before you actually have a clue - are just plain silly.mine were so silly, that everytime i think about them or find an old piece of paper with "plans" on them from about 8 months ago or so, i want to slap myself.when i started out - my intentions were so over-the-top and grandiose in scheme, that at some point, i had to just say :protest: i had to sloooowwww down - focus on information.

My intentions was not to hurt anyone.

If you are going to be an investor and/or work with investors, you need to learn how to think like one.It isn't my intent to come across as a jerk.  

Is the letter of intent something entirely different from the lease and option to purchase?

Like contractors, sometimes investors also flake or promise contractors this and that, but have clear intentions of not paying them. 

I have not paid any fees whatsoever, I received a letter of intent detailing the specifics of collateral (a share certificate for $4.7 million) and a repayment of 25% of NOI payable at the end of the every fiscal year.

Edit: These are general q's, not directed at you OP.Would you like to collect a handful of assignment fees or would you like to build a relationship that could potentially provide free leads as long as there is breath in the lungs of your prospect?

After giving some thought to the various options, we have decided to start off with purchasing multifamily properties (triplexes / fourplexes) with the intent to build up a strong buy-and-hold portfolio.