They don't tell you that you cannot evict Bob because he has equitable interests in the title and it can take 120 days or more, plus legal fees, plus repairs, plus MORTGAGE payments, to finally get him out of there.I was sitting here planning to lease option my primary residence and I wrote down my "doomsday scenarios" and realized that I have to spend more money than I thought for legal help to understand and / or mitigate the risks...  

Hello,I'm in a position where I have low debt because I have high utilization from my student loans that I am trying to catch up payments on.

Check with your attorney as I am not one nor am I familiar with Ohio.You are only a week or two from legal judgement and control. 

@Chris Prefontaine thanks.....So, in a year or so, assuming that they've paid their bills on time, their rent on time, kept the same job, maybe even paid down some old debt.... is that enough time for most people to become mortgage ready, so that they can buy the property from you??

My ultimate goal is to open up my pharmacy with little debt and have people run it for me.

If you add debt service on top of that it gets worse.   

Rental income which has helped me get out of debt and save for my next RE investments. :) Lessons learned?

If it's a business proposition, then write up the legal paperwork like you would with any other investor. 

Determine if the 2 units+ your income could service the debt until you find another renter.

One minute she is the nicest person imaginable the next minute she is evil.I heard there is something called non forceablility of verbal agreements and I have also done some additional digging and am reading the followingverbal agreements are not acceptable or legal in real estate transactions.