G'day,Just a tip for you, I was in your same position when I started out.

I have been continuously reading the posts, however, I took the position to sit back and read BEFORE posting anything on the site.

Then all you gotta find are those deals that are so good that they positive cash flow with 0% down.

Another word of caution to consider; I/O loans could lead to an upside down position in a depreciating climate.

I could end up paying for this home out of my pocket because I cannot find a tenant ready to take my position in the lease option as the tenant buyer, which the original seller knew nothing about.

And if depriciable site improvements are $600K, you'll have a nice $18K+ taxable loss on about $8K positive cash flow.

Also, I'm wondering if people have thoughts about the benefit of owning the units as a block from a wholesaling perspective, or from a buy and hold position, etc.

I'm being put in a position to take on this venture or turn down the agent/friend/associate that is selling this service, that puts a strain on that relationship.

Talk to a mortgage broker and ensure that you're in a position to buy the property.This is because even if the lessee decides to buy the house, it is possible that he or she will not qualify for the mortgage loan required to make the purchase.

Thanks for your response, it solidifies my position on this property.