You get a monthly interest payment and then the principle is repaid when the property is sold or refinanced.

Because of this, I feel that our relationship is even better than before and he has since paid on time.Philosophically, I agree with your principles however I just think that each situation demands its own solution.

First of all you can offer more than the house is worth on the lease option because the terms will work in your favor over time, especially as you buy down the principle and enjoy the principle.

My principle broker last week dropped a bomb on us, saying that balloon payments are going (have gone?)

Removing content to focus visitors on what matters can be as important as adding new content.Follow these principles for every new section / page / topic and you'll be better off than 95% of the competition out there.

I am a fan of the K.I.S.S principle Completely filled out Residential Lease Applicationrequire direct depositA copy of current Drivers License or Approved Government picture ID must be presented for each adult applicant 18 or over, at the time of applicatioCopy of their last 2 months paystubs as employment verification2 years of tax returns, if self employed1st month rent and security depositMonthly income totals at least three times monthly rentYou forgot the most two important thing in my bookBackground/credit check- through a 3rd party of your choosing.

They aren't making anything extra since I'm just really paying off the the principle and interest of what I am borrowing. 

John Roeder - if the note is 100k current value a note buyer does not pay a discount off of the total interest paid- they pay a discount off of the in unpaid principal balance (100k minus principle paid by buyer)For example if you owner finance a $100k loan and tried to sell it for $150k - what if the person refinanced the day after you sold.

I can withdrawal my principle investments tax free if I wanted to touch my roths.

You cannot learn an art from a mechanical process of step by step functions, you can't learn the science with disregard to principles of real  estate, the basics.