As the Optionor, my concessions start at 3% if exercised within first 12 months and decline if exercised later.  

He gives them 3 years to exercise the option to buy, during which time they can work on improving their credit, saving money, and whatever is needed to help them secure traditional financing.

I would not say this was a failure...rather an exercise in good business practices.

Big shout out to @Brandon Turner and @Joshua Dorkin for creating such a resource.My Story:I'm marketing specialist working a full time sales role and focusing on buy and hold rentals in my free time.  

There's a rope pushing exercise (from my experience anyway)...

My idea is to enter into a Lease Option contract with the seller and take over their loan payments without receiving any equitable interest in the property until I exercise my option to buy, so as not to trigger the 'due on sale' clause in the mortgage. 

The thinking behind this is about competency for the role and effectiveness for serving the owners. 

A GC can help with the overall timeline to get the house ready to rent.The other point to keep in mind with any deal - what roles do you take on with your deals?

Account Closed Your assumptions are correct that track record will play a role in your ability to raise money. 

I'm ready to role, I just need a little help!