As to your original post, unless I'm mistaken (always a good chance of my being wrong) you seemed to want someone to agree with your point.

Chances are I would end up buying $0.01 per dollar invested, only based on a lack of local knowledge. 

I would say your chances of that are small.   

Could you elaborate on this a bit by chance?

A lease and an option are two separate equitable interests in a property that use separate instruments.  

By any chance, does anyone know of any no title-Seasoning lenders in Texas.

I thought I had heard that if you have a purchase agreement, you have equitable interest in a property and could therefore market the property. 

In the off chance they don't the large upfront cost is supposed to cover any possible losses I believe.

I have 14 going vertical right now. so for 400k or less in capital I have chance to make 600 to 700k for the year off of these deals. and I did not have to fight tooth and nail for a rehabber.. those are the numbers a builder uses see if it will work for you in your market.

Those warmer climate areas due to continued demand have a higher chance of cap rate compressing for equity resale growth in a few years.The areas with low caps already even with quality there isn't much farther the caps can compress.