., the first loss is your best loss.You need to get it sold in Aug, school is about to start and your pool of buyers will drop off really quick after the summer. 

To be fair one unit was in the process of evicting a tenant, however, they had dropped the ball on the eviction as well.Along with the owners, the 3 units were given a quick facelift, primarily consisting of paint, blinds and some new flooring.Yes, the demand is high.

Maybe the extra 3.65% spread between the two options isn't worth the risk of not being able to hit the extra $50/m.Just taking a quick glance at the Cleveland Heights demographic information by biggest concern is the 8.6% population decline between 2000 and 2014 and the depreciation of real estate in the area.

What would cause you quickly pass this up? 

I know a lot of investors in my area use Simply safe - a portable and modular system.

Do you know why they wanted to move in so quickly because “they had nowhere to go”?  

The low end stuff is getting snapped up quick. 

@Rick Thompson in general the reason to use Heloc and pay cash is to get a better deal by removing financing contingency and being able to close quickly.

What's your recommendation for getting started doing lease option assignments the right and safe way? 

Could any of you recommend good areas in and around Atlanta, in reputable school districts, that are safe, where I could look for fixer uppers.