Don't complicate it.

So, not too bad a deal.I do know there could be complications renting to a lot of single people.

This will result in some complicated paperwork.What is the "right" answer?

Marie Poe suggested stood firm, and not try to complicate the issue

The lenders are moving to judicial foreclosures now in Oregon mostly due to regulations, but with that, it gives the home owner a 180 day right of redemption, so after the entire process, they get 180 days to buy it back.

The remodeling/renovation/restoration business is one of the grayest, most complicated businesses in existence.

Certainly some contract language can be created to deal with this but it gets complicated and messy.

Joe,Since you've done a bunch of lease-options, in reading up on the tax consequences, it appeared to me that there is the potential for lease-options to get complicated.

But the easiest way to protect the asset, and not complicated and costly like opening a corp.

There is a myth that the lease-option is easier to gain possession of a property where a buyer defaults, the L/O can be if everything goes as planned but if you get an optionee fighting you it can take longer than a foreclosure in a non-judicial proceeding.The target market mentioned, BK, FC, SS, folks are not really suited for such a short term, 18 month, transaction it depends on where they are in those circumstances.