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.

I always felt a little strange pulling it out to swap contact details in front of tenants who had the latest iPhone.All of my tenants have flashy big screen HD TVs.

Moreover, they have detailed knowledge and experience on the area, its history, the demographics, the people that influence future growth, and so much more.

Thanks J, I love detailed examples like that.Jimmy or to others that might know; is it right that if I were to get a co-signer for my primary that I would still get as much credit for home ownership as I would if I was pre-approved as long as I didn't miss any payments?

Send me a message if you would like more details.

I believe there are risks of income taxes and penalties and covering that 20% in the rollover until you get it back, so maybe talk to your old employer's plan administrator about specific details before choosing that option.

It goes into detail on how much marketing you need to do to get leads.