I have sorted through listings every week, and do not find anything even remotely viable when you take into considerations most of the costs.

Regarding this very real concern about rising health care costs, especially for  those with families who depend on them, an HSA account is a very useful tool to help fund medical expenses.  

What are the red flags and other considerations I should be making.The agent told us that if the package was appraised, it would appraise around $500K so there is equity built into this deal.Ramsey

Bryant Schur you are very considerate.

Some might argue that value-adding to SFRs IS a quicker way of improving ARV/IRR, rather than just relying on market rents continuing to rise at their historic percentage in order for the same cap rate to make Multis more valuable. 

That is, I'd expect very different heat costs between a 100 year old mid-rise building in Detroit with a central boiler vs a 1970s garden-style complex in suburbia with hot-water baseboard heating.  

I have a tenant who's brother came over and did considerable damage to doors and walls.police were involved. landlord rights and tenants rights were to go with this.any info would be a great learning tipIn Rhode Island

We are still regarding conventional and private money lenders in that consideration factor?

What other considerations should I be making/being aware of when it comes to Lease Options?

With any entity consideration, it's always good to consider things from 1) Insurance, 2) Taxation, 3) Legal, 4) Financing perspectives - would be fun to get your attorney, insurance agent, banker/mortgage broker and accountant together in a room and get the lowdown on S-corps, LLC's, trusts etc, to see how they consider each of these from their viewpoints!