@Dayo OsibamowoI agree, if you are in tx know limitations of lease options in TexasI trained John Jackson into thousand two, and one 2005 hit with the new regulations, he made a business called Leasing tobuy.comBest book on Texas law, lease options and wraps is at www.LoneStarLandLaw.com Buy the book by David look  Willis JD LLM20 bucks, give one to your contract lawyer :)

If I buy a two family(floor) home in NJ for $450K built in 1974,no major work need to be done , and get 15 years loan on that, with current rate(I have excellent credit history) and get rate like $1700 from each floor, property tax is around $12k/per annual.So, what ever I get in rent will go in property tax and mortgage.but I will get house in 15 years...Is it worth...I am novice in this field, will appreciate detailed reply on this.

If I buy a two family(floor) home in NJ for $450K built in 1974,no major work need to be done , and get 15 years loan on that, with current rate(I have excellent credit history) and get rate like $1700 from each floor, property tax is around $12k/per annual.So, what ever I get in rent will go in property tax and mortgage.but I will get house in 15 years...Is it worth...I am novice in this field, will appreciate detailed reply on this.I am not buying for cash flow, my goal is long term investment return...if somebody has better option to invest other than renting please share.

Thanks for the replies and well wishes!  

I would also like to thank you Keith for your reply.

Thanks for reply, I'll check out the office that handles the taxes and see if they can give me any better information.  

Russell, that is a candid, funny and informative post (you should get some replies and votes, but probably not much dating here!)....

I appreciate the reply!

Thanks Cashmere for the reply, I do need to address this soon.

Hey there @Ann Willis, @Eric Bilderback, @Bryan Brashear, @Jeff Quintanilla, @Nic Reid, @Tony Griego, @Jeremy Near and all other Bend / Central Oregon interested parties: in case you missed it - @Ian Saingarm put together another meeting for this Sunday April 17th at Broken Top Bottle Shop.