Essentially a 1-yr balloon for you will mean a payment of $140,000 - $14,000 = $126,000 due in 12 months.  

Sounds complicated...but it's worse than that...it sucks...The owner has already proven he can't make the payments...why would you as the investor want to lease purchase to someone that has essentially told you..I can't make the payments...Maybe I misunderstood your post. 

If I would have closed on May 2, my first mortgage payment would not be due until July (vs June for May 1), which essentially is like getting an extra month of cash flow for free.

Either route and the investors personal circumstances may often have a different tax consequence that might essentially determine which route or business model the investor decides to utilize.

@Heath McPhersonToward the end I worked 4 ten hour days and worked 3 days on the real estate, essentially two full time jobs.The other thing I did was to buy in bulk, several times I bought 10 properties in one day; that pushed the process.

I've completed all of their basic level or essential classes .  

Essentially, I have about 20 units in one LLC.

Essentially we go through the design process with customers and come up with plans that fit their needs.

HUD essentially did that for us. 

He grew up on a farm and had been "paid" since he was about 9 years old (dad put money aside essentially) so he had quite a bit of cash after high school.