This is equivalent to walking onto a court with a professional basketball team as a 5'6" teenager with no shoes and telling them you want to join their team because you read a book somewhere that told you it was easy.

But the proper needs work as the previous owner has not replaced the roof nor did any improvements on the property.

A call to inscompanies will give you a ballpark price.Those numbers are easy but rather maintenance, cap ex, and the other real numbers are often more challenging.

It's inexpensive and pretty easy as long as you have everything documented. 

This means that you are opening the door to an easy court case whereby ALL of the lease payments are credited towards the purchase.3)  The Option Consideration will not be used as part of the down payment by the bank because the Option Consideration Payment has nothing directly to do with buying the property. 

It's funny how easy is to blame the landlord for charging more after spending more. 

Hey Wade, you'll need to get a lot more information to properly analyze this deal.  

If numbers work, everybody would buy an already rehabbed property, It is not easy ti find.

This means easy to find answers online to most questions. 

There shouldn’t be any extra charges for mobilization or other upfront costs since he is so far into the contract.If not, then having given proper notices and record retention is important in “termination for default”.Otherwise, you guys need to figure out how to agree to part company.