Basically my understanding at the lease option and rent to own is the same concept. 

I wouldn't think it'd be a big deal as more of it pertains to real estate terminology and concepts as opposed to state law which might actually change.

It is very difficult to obtain financing for these "Condotel" type properties, because it not a traditional condo --and I'm guessing most banks can't wrap their heads around this concept loaning on hotel room.  

I was basically making sure that I had the concept down and also how to get the cash back. 

The theory behind brrrrrrrrr (new name, ancient concept) is that it's offset by you putting that money to work in some productive way that earns more money than you are paying to have access to that capital. 

You could benefit from residential low down payment loans (FHA 3.5%) and live in one unit while renting the others.Check the keyword house hacking if you want to educate yourself more about that concept and its advantages for beginner investors.Hope this helps,Fred

It’s the language we speak when dealing with other real estate professionals like agents and attorneys, and it’s full of words that aren’t in the common vernacular.Terms we use on a daily basis, like warranty deed, security deed, subject-to deal, owner financing, note and option, are often not understood by the people we are trying to serve.In order to be successful, you need to not only understand these concepts but be able to explain them in a way that makes sense to your sellers.We just did a really cool deal where we bought a house and the owners carried back the financing for us.

Typically an approved short sale means the bank has agreed to a particular dollar amount and the concept of a short sale.

Hey all, So I have been leaning towards Buy and Hold Multi Families as well as Wholesales simply because the concepts right now make sense to me.HOWEVERThe one thing I am getting hung up on is how does one go about finding the right area?

I like the networking concept on this website.