"Most buyers doing a lease option only want to put $1000 down so much per month"$1000 doesn't even cover the security deposit we are asking for on a $130K rental.I want to agree with Shaun where he says $5K for a little over $100K home is about right.

Hi Shaun,The numbers look decent.Is the profit sharing 50/50 with your other partner that will be doing all of the work?

Shaun,I appreciate it.

@Ned Carey and @Shaun Reilly -I think you might be right about the envelope that looks like an envelope for a Christmas card.Ned - you need to get a list, outsource it to one of the companies and then just shoot them an email each month and tell them to send your mail out.

@Shaun Reilly Thank you!

That's awesome @Shaun Reilly !

@Shaun Reilly,In substance the two do not differ because they are both a "Security", though the loan may come from a lender and fall under lending regulations.If the loan is from a private person you are technically still engaged in offering a security by strict definition.From the SEC:Sec. 2 SECURITIES ACT OF 1933The term ‘‘security’’ means any note, stock, treasurystock, security future, security-based swap, bond, debenture,evidence of indebtedness, certificate of interest or participationin any profit-sharing agreement, collateral-trust certificate,preorganization certificate or subscription, transferable share,investment contract, voting-trust certificate, certificate of depositfor a security, fractional undivided interest in oil, gas, orother mineral rights, any put, call, straddle, option, or privilegeon any security, certificate of deposit, or group or index of securities(including any interest therein or based on the valuethereof), or any put, call, straddle, option, or privilege enteredinto on a national securities exchange relating to foreign currency,or, in general, any interest or instrument commonlyknown as a ‘‘security’’, or any certificate of interest or participationin, temporary or interim certificate for, receipt for, guaranteeof, or warrant or right to subscribe to or purchase, anyof the foregoing.

@Ali Boone and @Shaun Reilly Ali, thanks for the thumbs up and the encouragement.

Originally posted by Shaun Reilly: If you are that confused about what the ARV is on the place you best find an agent that is very good and knows the area really well and can tell you how much (if anything!)

@Shaun Reilly As I recall the tax lien holder bid about $30,000 so if the foreclosure went through they would have had to pay 30K total plus legal fees, plus catch up another years taxes.