I most defiantly understand the position a poor management team can potentially place you and your owners in by not committing to the fullness of their investment.

@Sean T.

Your commitment is impressive.  

If they are just throwing sh*t against the wall hoping something sticks they won't do it nor will they if they purposely over offered hoping to go back and get you to take less after a couple weeks and you will just be like "f*ck it I just want to sell" and will take a bigger hit.The more you tell us the more I am convinced these guys are not going to perform on this contract as it stands right now.  

Commit, use your equity line, and do what you've been doing with others for years.  

If you commit a violation, even inadvertently, your broker is on the hook. 

From a team standpoint, he has a finance background and time to devote to researching potential acquisitions, managing the properties, but has less expendable income to commit.  

When I say quality, a quality person renting a sub quality place isn't happy, if they have a situation like a foreclosure through four years ago and they want to be homeowners again, they should be willing to jump through some hoops as far as rebuilding your credit historyAlso I mean quality is far as the quality of the location and the quality of the house that's for rent, many houses for rent are crap, and the best school districts and safest neighborhoods are only houses for saleCharles I've been doing this for 30 years and with the times that we are in right now with tenants having such a hard time getting a mortgage and getting out of the Rent  Trap, this is not a buy-and-hold strategy Like in stocksI live in a very expensive area Los Angeles and the average person can buy house because they're 900,000 to 1,200,000 where I live and lease purchase has a place here because many people can get mortgagesBut if you lived in Pittsburgh or you live in Cleveland or you lived in Orlando, you can make money with lease-option assignments or sandwich lease options if you've got a little bit of money for reserves as a real estate entrepreneur operatorWhat's in it for the seller is they can lease with an option hopefully with the right screening of tenant buyers that have ties to the community and strong employment where they're  not going to lose their jobsWhat's in it for the investors is that they can do a lease option assignment or sandwich and make some money without getting a bank loanI do like lease purchase over lease option for the seller because it's a stronger commitment and a definite end to the dealFor the buyer I'd much prefer a lease with an option with an extendable option in the initial contractFrom a business point of view if you're interested in getting better appreciation you can just do one year agreement and ratchet up new agreements at 5% a year or a new appraisal every 12 monthsI have put together a lease purchase arrangements where the sales price has been tied to either a new appraisal or a set floor price whichever is higher, to prevent a loss; in stocks this is called " collaring "where you have a  call order at a lower price to prevent a big loss and an order to sell a certain high priceSee protective collar http://www.investopedia.com/articles/optioninvestor/07/protective_collar.asp

@Chris T.....thanks for the welcome!

If it does, then follow those rules, dot your I´s and cross your T´s.