How do I go about structuring a lease option with a "for sale by owner" deal?

Most mortgages have a "due on sale" clause, which means that if you transfer the property the balance of the mortgage will be due.  

Courses #5 – 8 may be included in your postsecondary educationExperience Requirements – 20 transactions The Division calculates the transactions to ensure the applicant meets a total of twenty by using the following formulas: • Listing agent in the sale of property owned by another = ½ transaction • Selling agent in the sale of property owned by another = ½ transaction • Listing agent in the lease of commercial or industrial real estate owned by another for a term of at least one year = ½ transaction • Procuring agent in the lease of commercial or industrial real estate owned by another for a term of at least one year = ½ transaction • Listing and /or procuring agent in the lease of four residential real estate properties owned by another for a term of at least one-year = 1 transactionThere are also requirements about not having a criminal record.http://www.com.ohio.gov/documents/real_Requirement...You can probably get into investing sooner than you can accomplish all of that.  

Call up realtors for investors, check Craigslist, tax sales, meetups and talk to people and look for investors.5.

It looks like sale prices are quickly declining in Delaware over the last year/several months.

@James Flynn - I assume time is of the essence to some degree and some items are of quality1 Yard Sale as much as you can on one weekend.2.

I ended up purchasing a SFR on short sale in the same neighborhood.

You can look at the cash sales by zip code to determine the best areas.

Check out some of Immanuel and my other posts for details backing this up but suffice to say Notre Dame is working with SB to bring in high tech industries, there is a new power plant going in south of town, it still has great manufacturing including trailer construction, it is on the intersection of 2 busy highways 80 & 31, and it is less than 2 hours from downtown Chicago which is one of the largest inland ports in the world.

They asked for an exterminator, for sink drain traps to be cleaned, and for all outdoor items to be power-washed.