Dodd-Frank has convinced most private (non-bank) lenders to cease this practice.

Blackstone also acquired a majority stake in a non-bank mortgage lending company this year called Stearns Holdings.

Have they given you a non-refundable deposit?  

Summarized, LEGALLY, THERE EXISTS NO OPTION FOR NON-PAYMENT OF RENT.

Is a license worthless if I receive it through a non-accredited school?

I also owe about 20k in non-mortgage related debt. 

I think a lot of people like lease options for the fact that your can get a good amount of non refundable money upfront say $5000 while they are renting your property then when they decide to leave and take the option to buy property you get that 5k plus the rent they were paying you.

You could literally write up your own deed restriction to a property you own and then go down and record it; regardless of whether that deed restriction is legal or enforceable.Hell, in some areas, older homes still have deed restrictions limiting the sale of properties to non-negros only.

Non of those issues would scare me, but  I would not take them on unless it was a killer deal.

I am a 48 y/o recently divorced mother of 3 and as such it is time to begin living my dream and making ridiculous amounts of money while engaging in my passion of flipping and managing residential properties.I am the executive director of a non-profit, non-subsidized, affordable housing community.