I see talk about LO to eventually sell to end buyer, but I haven't been able to find anything about using LO to control the property and just lease it to someone else.I am looking at a property that is a short sale close to a college that would be great for a student rental.

So you used a LO to purchase this property as your primary residence? 

Might be 15 in this whole area and I'm sure none have sold within a year around here, most are French provincial, English tutor style, contemporary around here went out 20 years ago. 5,000 sq. ft. and price is guessed at by the daughter, (a PITA who thinks she knows RE, an agent in Texas 20 years ago) telling mom it's 500K after her renovation, the daughter painted cabinets in pastel colors.

The house has French drains, so with heavy rains, there are areas that sweat, but in the 2.5 years we lived there NEVER standing water.Through all of this, there have been multiple texts, emails, and phone calls complaining about everything, despite the fact that they've done NOTHING to mitigate damage, such as putting down fans to dry the hardwood floors / ceilings.

Moral of the story, never give money for LO to simply take your application.  

Which is a good thing because I would hate to turn total b**ch, considering they are my neighbors and we are pleasant with each other.And you'll see the same thing...selling street parking...in the neighborhoods around the French Quarter during the Mardi Gras season.

Hello Team,My name is Stephen Roy and i am 25 years French Canadian old from Ottawa, Ontario, Canada.

Having a drainage system (french drain / sump pump) to prevent water from sitting on the glued down planks might be a good idea.

After reading that, you'll probably end up looking at a french drain system or at least a sump pump.

Side note: We can purchase homes the ways listed above however with new acts and financing laws be very careful with your procedure and paperwork when selling with financing or via LO to your end buyer.3.