Also, the Miamisburg schools have an excellent reputation.

Condos have a reputation as making poor rentals, but would it make sense to take a chance on this if the numbers work?

I have the tenant buyers perform their own home inspection (I won't allow them to waive that) and also have them get set up with a reputable lender with a PLAN and a reasonable plan at that.

But if you intend to be "in the business" in your area, you have a moral obligation as well as a reputable aspect to not leave sellers hanging which means you need to carry through with what you purpose.The property was listed at 217K and did not sell!

(I was originally thinking 6% and thought that would be considered to be too high.)C) How do I find a proven and reputable loan originator who will do this?

It must have a better historic reputation for those who did not participate as I recall it wasn't that educational (LOL).

I take my business, my reputation and my ethics very serious and don't appreciate his accusations, joking or not.To everyone else, stay tuned until tomorrow (assuming there's progress), I will keep you posted on my conversation with the title company.

Unscrupulous sellers can use lease options to fleece unwitting buyers out of their options money, which is why these have a bad reputation and are illegal in some states.

This might work for you with your experience but I could see why you might have trouble convincing someone new to the game, or at least new to the area, to buy such a property.Most wholesalers have given themselves a bad reputation due to greed and incompetence.

There are several "low/moderate" income programs that can require such signage, a Sec. 42 Tax credit program for example where a home value could be 120/130K but rented with assistance.You need to know the reputation of the subdivision.