The rental income and expense seems to be favorable.

I guess I'm in favor of the same idea of banning with a couple conditions. 1.

Regardless, I'm not solving for his needs but rather, solving for mine and the fact is, I can choose to keep this property and generate a nice cash flow so the deal must be in my favor for me to consider it.If I go with the Lease Option, I agree that the long option period is probably not the way to go - that was more if he purchases and I owner finance.

If you search the landlord forums, you'll see that a "2% rule" is favored.

naw, just a personal favor for a friend.

If it is, here is my advice. 1) Seller financing can be attractive - make sure you understand the terms (int rate, pmt, etc) and negotiate the most favorable for you.

Do you self a BIG favor and buy Lonnies books.

In California the rules are heavily weighted in favor of the renter - you can get tied up for months without rent - are you still offering the guaranteed return?

We deal in an environment in the real estate industry in this country in which the "standard" residential property sale contract greatly favors the buyer.

The waiting list did not exist until I asked to be on it, but it worked out in my favor because the guy who converted the apartments into condos was going to keep one of the one bedroom units for himself, but he decided to sell at the last minute.