Books written on it, as well.Seems to me that the potential problem screaming to be noticed is that the original lender can invoke the Due on Sale clause and toss a huge wrench into the whole deal.The investor then has to either re-finance the original deal or (if for some reason he can't re-finance or sell) let it go to foreclosure, wreck the original seller's credit and toss the unsuspecting lease option buyer into the street.

Keep the whole transaction including repairs and closing cost under 32K and I would jump at it.

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That's the whole point of using an LLC.

Cost of living is pretty low too ,and from my last search, we're doing better this year than last, as a market whole.

What I really noticed was a whole bunch of guys screaming, trying to create a buying frenzy atmosphere with few people actually bidding.

This is the perfect place to develope properly to achieve those goals and ambitions.

[This is a whole other can of worms that I'll be asking about in the future!]

Personally I would not get involved in such a deal without a NNN lease because it ensures the tenants will not only take care of the building and produce much less wear and tear, but they will be responsible for much of the day to day - the whole reason for getting into an office deal in my opinion.

The book is great and the company is pretty awesome too... the whole concept is to get you to invest.