Purchase agreements will vary from state, given that each state has its own laws relative to certain issues in real estate transactions.

I can always rely on you to post and I thank you for that greatly.Perhaps a way to bridge the gap is to wait until the rehab is well underway and you can see the light at the tunnel - perhaps 1 month out.

It's also my goal to quite my job and rely on rei for my income.

Your question is tough to answer because lease option terms vary considerably.

If you rely on banks to fund your loans early on, you will remain frustrated and at their mercy.

this can vary considerably depending on the market and who is doing the work,.

Details of rates and terms vary quite a bit. 

I invest out of my state and rely on BP to help understand other markets.  

Unfortunately the legal status of these varies from state to state. 

I would like to get nearer to 5% down if possible, and am trying to structure an offer that she may consider.What I would like to know, is if anyone would be willing to share an idea with me for how I might be able do this.And the second question: Is it unheard of to structure a purchase so that the buyer pays the seller a base amount per-month, with a varying extra amount dependent upon the number of occupied units?