@Anthony,It was not a slip of the tongue, it was in an e-mail and I don't completely understand your analogy about the doctor or what the problem with her statement is.

We have this on a one page sheet and the buyer signs it.The seller must send an Auth to Release Info to the mtg company so the buyer can verify the house payments are current.The seller must report to the buyer when the mtg payments were made.You can either have the seller e-mail the buyer each month, or use a servicing company or I've had owners create unique logins to their mtg info online and the buyer can check 24/7.There are other small things, such as not withholding a rent credit for a late payment, but that all makes sense.Keep in mind...the law specifically states that ONLY SPECIFIC ITEMS OF THE PROPERTY CODE RELATE TO A LEASE OPTION.Also, the seller must have fee simple title, which is no big deal as that is how we hold title in TX, but you can't (per the law) do a SLO.

The city issues will not go away and will normally mount until a big ball of you- know-what if left unresolved so keep the c/e people informed of your plans.

Here is the e-mail sent to me by my agent on Monday letting us know the details.

@Amine E. 

I have 1 year to pull the trigger on a property as I want my sibling to be able to live where she can work, learn to manage R/E,  be in a location that is in close proximity to the university where she plans on attending her 3rd and 4th years of higher eucation.

@Rhonda E. - The roomate hasn't signed the actual lease that I signed, though he may have in the past since he lived next door for 8+ years.  

About to dive into the e-book you had suggested.

I dropped my R E Lic.    

Schedule A for your primary residence, and Schedule E for your rental.