Looks like the proper first step to me.

Your tax advantages in such deals are:1) Pass through depreciation of the asset during the holding period.2) Pass through write off on mortgage interest during the holding period.A properly structured deal should make any income during the holding period essentially tax free.

I would never close without the proper inspections and disclosures though.

Nancy,Forgive me for two things: First, my not so tactful and apparently humorless use of the word "shamelessly" (although, if you have a good product, you *should* be shameless about it).

The proper response that a realtor should say is "even though this hasn't been getting any action for 60 days -- if you low ball an offer, the selling realtor will let everyone know so it doesn't sell too low".

Sometimes it can be hard to figure out why someone succeeds and another fails at it.97% of small businesses that fail, do.so because they are not properly capitalized.

@Chris Connery In terms of the 6% seller concessions, this is the max an FHA loan will allow and then for some conventional loan products 3% is the max.

They know all the brokers that move the product.

Therefore, I am not quite sure where to start.Lucky for me, my business partner has been a godsend through my recent struggles, and we have investors lined up to fund our deals, but we have no product to provide them.

Great strategy...but, you need the proper docs, and those docs MUST separate the lease from the option.