As the buyer, it is the only way I would do it.Keep asking questions and engage this community, it is the fast track to proper education.PS.

A properly formed and filed Limited Liability Corporation can provide protection.

J Scott has given you the proper way to analyze a deal like this.

The good news, proper evaluation of any income generating asset is pretty straight forward.

I am looking to expand my network on the agent side.

How do I get through the purchasing and proper funding to rehab a place?

The goal is to make an upfront profit, a monthly profit and a future profit without any money down or using any credit.Each state has different laws regarding Lease Options so make check to make sure it is legal in your state and you are using the proper contracts, also the benefit of an escrow/title company is they will be able to guide you but make sure you work with an escrow/title company that is familiar with The Sandwich Lease Option.Remember to be successful action is the key...Marv Rousselow

Once you have two characters, then a few choices will appear below the textbox where you are typing the post on your browser - select the proper choice.

is a good and proper use of ED.

Hi Sabrina,I don't know much about Colorado law and I'm not an attorney, but I can tell you what we have done out here in California that may steer you in the proper direction and help you ask the right questions.Originally posted by Sabrina H:Also, since these properties will most likely be condos (making sure that the HOA covers the roof and exterior maintenance), do we need to get some sort of insurance outside of regular 'condominium insurance'?