Rents are still going up even after housing prices stabilized from the summer run up.

I was thinking of doing a lease option, so my question is, with an agent involved, how would you structure a lease option deal?

Is there a lot of mechanical work involved (heat pump, boiler)?

I find myself lacking a great deal of general information on the process of purchasing and selling a home - what paperwork and steps are involved, what things I need to be careful of and look out for.

This forum has been a great resource for me in the short time I have been involved.

I plan to be very involved in the BP community as I think it is an amazing resource.

Then again joining a ski club with a house might be cheaper.We lost a deal in Vermont on buying a ski club house something like the boarding house Bill mentioned, we were involved prior to the house going for sale and it is a management challenge to book those rooms and have people share the common space.

Are there more risks involved in keeping it for long term wealth?

I don't flip or need hard money, but fun to see all the things you're involved with.

This means you can start getting him involved and teach him.