I recently approved a young lower-income couple.

They no longer have much benefit in not executing the option, removing that benefit entirely.In your scenario, what do you see as the specific benefit for the person acquiring the option, as opposed to buying the property outright for a lower price?

I'm Dan, 57 and still working for a living.  Planning on doing so for a few years yet.  I was involved in real estate investing in the Phoenix area in the late 90's and up through 2008.  We all know what happened then...

I will have a much lower payment for the mortgage, while retaining some cash for a down payment here in Colorado.  

At the end of the day, your student loans will most likely be at a much lower interest rate than where the building will be returning.

This is the reason for the lower entry point.

We think you could rent the upper (2 bed, 2 ba, ~1100 sf) for $650-$700 and the lower (3 bed, 2 ba, ~2200sf) for around $750-$800/mo.

Dovetail drawers, wood gussets and beams reinforcing the lowers. 

@Amanda Miller you may be able to get two properties like that for a lower down payment, if you're able to move into both.

Hi Kevin, right now I’m buying on Lower Roseville, Newark.