Anyway here are the details....Lot purchased in 1974.

I've had a ton on my mind lately and I forgot the details of our initial conversation in the weeks since it took place.

Thank you David Beard I read you very detailed response and I am formulating a plan to execute.

I've been pleasantly surprised by how willing they are to share and offer guidance.Good luck--and please pass along the titles of the books that you are finding most worthwhile!

Figure out in detail what it would cost to purchase, manage and return a profit.

If you really want to read more on the topic, there are TONS of other threads on here that explain it better and discuss it in more detail.

There are so many details that I didnt include on here, because when its all said and done, it's just stupid drama.End story is that we had a sit down with the girlfriend this weekend (who is also on the lease but moved out after a week!)

Before going in, just be sure to have your figures and know the market values in the area as well as having a detailed exit strategy.

Let a professional handle the details, collect your rent, pay the mortgage and sell when prices come back.

I did a post here somewhere about "how the numbers on a lease option work" and it goes in to pretty good detail of how it all comes together.