The down-fall is by going FHA, the home must meet a specific minimum standard and move in condition.

Party at there unit and someone slip on the steps or lean on the railing and fall over.

Hi All,I own a single family home rental in a Olmsted Falls, Ohio.

Tell them you or your partners are buying as-is for cash with a fast close.It is unlikely that a retail buyer can offer that and will most likely ask for repairs, which is an out of pocket expense for the seller and then their deal might still not go through if funding etc falls through.

If they don't, and they get hurt, it may very well fall back on YOU.

The water comes down the wall falls into the channel and works it's way to the hole.  

Everyone sees the raise but not everyone sees the fall coming.

@Kevin Coleman Check with your local laws first, but sometimes it falls under repair which doesn't need a contractor or handyman license.

(because the bank worked out a solution for them such as a loan modification or payment plan) ...it does build rapport between myself and the homeowner and I stay in contact incase they fall into a similar situation or know of a friend who may be interesting in selling their property. 

If he's smart, he'll know that about 80% of lease-options fall apart and would be a waste of time unless structured so the buyer (that's you) is heavily penalized for failing to follow through.