Thank you for your creative help!

And to address others in the thread, I'm well aware that legally the lease goes with the purchase, but what I failed to communicate clearly is what are some creative ways to deal with it.

BP, I need your help. Long story short there is an abandoned home that I have found that I would like to purchase to fix and flip. This is what I have done so far:- Went to the county and found the owners- Found that ...

I'd chat with your tax person on this, and...maybe get  a few second opinions to ensure it's being reported correctly. 

Everything we have been doing so far has been very “conventional “ from our home searches to our finances and we are slowly learning that much more creativity is needed to get us to where we want to be as investors.

My goal going forward is to scale up, buying as many properties as possible by any means possible (conventional or creative financing). 

I use a service that is an expert on this topic and they handle all of the follow-up to ensure the owner has the proper paperwork.

I try to run the numbers anytime I see the next property I want to ensure it will still have positive cash flow as well as cover me if rents drop or anything comes up as far as maintenance.

It would probably have to be a creative portfolio lender in either scenario but if the numbers work they may take a chance on that.

Thanks,Johnson Whichever market and or company you choose to work with when investing out of state make sure you do the following to ensure a high probability of success.