You would get firsthand experience in working on a property and hopefully increasing the properties value.  

I will know more on the condition of the units and the building next week, but on the surface this seems like a logical deal.

You want to check out this podcast: Bill Powers uses the lease option strategy for his investing.https://www.biggerpockets.com/renewsblog/2016/07/28/bp-podcast-185-rent-to-own-increase-cash-flow-maximize-equity-bill-powers/

Atlanta is long-done in my opinion (lots of saturation and better returns elsewhere), the TX cities either don't have cash flow or it's minimal and little inventory left and the appreciation boom already happened, Cleveland and some of those I don't consider strong growth markets so that increases risk, etc.

Things are just easier when I can invest with some type of capital.While I'm doing so, it seems I've gotten a bit ahead of myself with the advertising (haha) and now calls from my website are starting to come in increasingly regularly.

Whenever there is any condo/townhouse listed for sale, I would like to read CC& R (Covenant, Conditions & Restrictions) and bylaws.

Asking price is about 2/3 of what houses like this in good condition go for in this area.

Some lender conditions were not met, but lender gave authorization to disburse the funds 9/13.  

I did my final walk-through on the 2nd, and I was super impressed with the condition they left it in.  

We are looking to expand and increase our lifestyle.