Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

If the underlying terms are extremely favorable and the principal large, maybe. 

This is a land contract. 

It's the kind where you're sitting behind the pedals instead of above them - I'm sure there's a technical term for them.Anyway, I started studying and/or reading while riding and actually find myself going for an hour or more at a time and not even realizing it.

The owner gets cash, the investor signs a sales contract with the owner, and then proceeds to redeem the property and takes possession through a regular sales transaction.  

When an offer from a buyer comes in from their agent, if we accept it, we contact the title company we use and send them the contract . . and they take the deal to the closing table. 

Are you looking for long-term tenants to occupy the entire home?

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

I have been renting rooms in my home as mid-term rentals and have experience in that area. 

Rule number 1:  The lease contract and the Option contract, or two separate contracts, and should NEVE be connected in any way.