If this lease option deal falls through, and many do, you've left the buyer worse off than before they worked with you.

It's a coin toss.I'm sure that I would have to speak with a real estate attorney regardless.However, I would like to know if anyone has acquired property using this method and what your experiences were/ are in these types of deals...I'd love to know how to grab these before they rot away and fall down.Thank you so much for your feedback BP as always!

.* Target returnsiFunding feels the range of target returns is in-line with common expectations for equity real estate investments and similar properties. iFunding’s preferred equity terms – the first tranche of profits distributed solely to investors – also fall within a narrow range that’s typical for many similar real estate deals.

I've had good success in the Idaho Falls area but today would probably prefer the Boise area for it's growth.

I live in Washington DC, and from what little experience I received from my mentor before he died, it seems impossible to find 1 bedroom units that aren't falling apart or in an extremely high-crime neighborhood for less than 200k.

One could argue that minimal property management roles such as placing advertising, screening tenants and things of that nature fall into this category, and there is a lot of support for that within the tax community  You clearly cannot compensate yourself for such activities, and you would not want to end up in a situation where a significant amount of time and energy goes into these activities or you could be viewed as providing services to the plan.  

No affiliation but when I get a real estate license in Cincinnati this Fall, I plan on using this company:

If you are going to rent by the room (or two to a room) then you may fall under boarding house regulations.

The one in Dequincy falls in Washington township.Which one would be a wise move?

I personally dislike the word "GURU"....something about it just does not sound right.Anyway,  I would suggest you take your savings, combine with FHA 203k, get the grants you mention and buy your OO/Investment property.Once you get started, I am sure everything else will fall into place, remember BP  has the answers to most of your questions.Good luck to you!!