Should I go for a lease option agreement instead of a pure buy and hold?

Does the # of bedroom get sent to the town, get updated on assessor's card etc or is purely for the banks use?

We have used both personal properties turned rentals and pure rentals.

We also buy pure rentals when the number works. our market is class A properties managed all over the country as "home" is only relevant to the current set of orders.Definitely check out the podcasts, blogs and forums.

Also, that recent pop in prices has leveled off, so planning on that same equity build up is pure speculation (and not good speculation, in my opinion).

The basic thing is that it has to be owner occupied (not a pure investment).

Our first house was buy fix and hold. 2 of the houses were as personal properties (VA), 2 were pure investments and 1 conventional 5% down.  

But seriously wanted to bring some joy into my Dad's life after losing the place he wanted to keep until he passed on.

Purely cosmetic (paint, flooring, light fixtures, plumbing fixtures, cabinets, countertops, appliances, etc) is 2-3 weeks. 

 I was forced in to property management path purely because I was on my own in a city with no family and  12 units, infant twins and a husband that was underway 90% of the time....