Existing contracts transfer with the sale of the property.

There's loan programs that exist that provide the rehab capital needed to fix up the house but access to those funds are at an "after the fact" discretion. 

Domicile: WA State (income tax free)Property location (Texas): (income tax free)LT gains + Depreciation recapture ~ $300k on a $500k income property ~effective / average tax rate = 12% for past umpteen yrs (relatively low income, avoiding IRMAA and doing Roth rolls (no 'realized' income, just transferring from tIRA to Roth = vast majority of annual MAGI income)In the end (coming soon, ~17 yrs) ALL remaining estate will go to charities / Charitable Foundation / DAF.

Although I will continue to research on it and follow the accounts provided in this thread.

Also, there are a variety of strategies under the lease option umbrella, and this diversity gives you a greater chance of providing the seller with what they need to do the deal.

GREAT IDEA (Sarcasm)As Gabe pointed out, with some saving discipline that positive cash flow can provide down payment when we get a softer market.

You'll provide Chinese Hand Fans to the tenants at signing? 

Providence maybe?

We won't tell you.Additionally, this is a property with a large tax abatement last transferred less than 2 years ago with a quit claim deed.

I can see that Lizz has included a leasing fee in the property analysis docs she provided, which I assume reflects the lease only service you mention.