If you are a BP Pro member they may have a lease in their downloads for you.

The paperwork isn't too bad, at least here in Texas.

The only reason they want one is so they can dump stuff down the sink that should go in the garbage. 

If utilities are present, the property is worth what other bare land properties in the area are worth.

Do the lenders that you use for the DSCR 30 year loan product require a lease to be in place before the loan funds?

UPDATE:Yes, we are moving forward and the numbers on the purchase price, and terms of the deal, stay relatively the same (in the big picture).We opted to pay the agent out of our pockets.

I was hoping this was going to happen so I wouldn't have to take time out of my day to send in the BOI on all of my entities!

Keep in mind that rates does not fully translate everything.

A big part of succeeding in this game is simply staying in the game.Make sure to take the lessons from this experience so it’s not in vain:•Always keep reserves.

Quote from @Donald Hatter: Quote from @Shafi Noss: I am interested in building rentable SFHs in Houston.