I'm scared that if I don't properly document the living arrangement with this 'stranger' I might run into problems.

I've read about analysis paralysis and feel eager to get started with investing, but also want to put in the proper amount of time upfront to learning all of the basics and building a solid foundation of knowledge.

From what I have gathered so far I need to ensure the Midland market is right to begin investing in.

Andrew wholesaling lease options is not rocket science as long as you have proper instruction on how to do them.

So, how do I expand on the subject to properly tell the story correctly?

That money has no effect on any medicare eligibility, but If she (or the rest of you) want to eventual have medicade paying for her housing, the proper procedure is for her to spend that $52K first.

Aside from the funding aspect am I fooling myself with a delay or being prudent to ensure I am properly capitalized?

Mark Kindy I replied to you above, but realized it didnt link it to you properly.

The tricky part is ensuring you have enough of an option fee and you qualify the tenant-buyers so they can realistically close after 12 months.

One thing to ensure is that the borrower has insurance and assigns loss proceeds as a lien holder.