And 2 days later they text and said while they was cleaning the kitchen counter and turned the garbage disposal switched on she got shock.  

It is not just there to protect the mortgagee.

You offer to guarantee a low NOI or net operating income amount for 2 to 5 years, and then have an option to buy based on the value of that low NOI value I don't think Masterleased options are good for new people unless they have very good experience with property management on commercial properties Taking a CCIM course I think is really helpful for apartment managementIf you want to look at Sammy's lease options for residential property, 1 to 4 units, you need to learn about Dodd Frank and the safe act and TILA and RESPA Some fallacies are you cannot legally go against landlord tenant law in your state, so you can't make the tenant pay for any repairs,  you've got to be very cautious about any kind a rent credit creating a financing agreement that envokes Dodd Frank and CFPB  Learn about using a RMLO and how that protects you in any kind of lease with option or lease purchase  Also be aware that the seller can have something happened to them, they can be sued, they can die, so I would highly recommend you have a sale and purchase agreement  And open an ongoing escrow accountTo make sandwich lease options work you must have some capital to put in reserves in case things go wrong, like evictions and damage.

I'm being honest so you can protect your money.

They specialize in asset protection, estate plans, etc. for seniors.

The problem is you have no Personal Asset Protection.

If there is no insurance protecting the mortgage holder (e.g., PMI) for the difference between what is owed on the property and what it was sold for, a court could enter a deficiency judgment against the property owner.

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

But I definitely almost lost a deal over missing outlet and light switch covers. $1.99 a piece.

Because someone things the property is worth more than $86,373 (13773 + 72600) or they want to protect their interest in the property away from the county (aka the lien holder).