Hey Jon,As prospects call inquires about my listings, a lot of the time it does not work out for them.

But a new prospect has come into light.

Nadia,If you buy homes in the lower range of CA prices ($150,000 - 250,000) and you offer your tenants a rent-to-own contract, then you would only be collecting rent which may not conflict with religious rules against interest.If you offer the prospective tenant an option to buy the house within a fixed time period (usually 2 - 7 years), then the tenant will have more incentive to take good care of the house.

You will have to sell to a cash buyer.This is not necessarily the case in your situation but it's good to have a wider prospective.

Buying Low Equity Deals - Buy on Sub2 or Lease Option then assignBuying Free and Clear - Owner Finance 100% of value, your termsBuying High Equity - Owner Finance-------------------Sell on Lease Option to good buyer prospects, 3% option fee.

And when I do get a prospect with 5-7 k down they disappear, and the people who want it only have 1-2 k down and I am not going to do that!

Your third party is someone who your client or prospect can identify with.

The lease option fee the prospective tenant pays is non refundable if the tenant does not buys the house.

We used to be a lot more trusting then we are now, being a landlord will do that to you.Normally when this type of proposal is made by a prospective tenant, at a minimum they are wanting to hide something; either very bad credit, work history, or the fact that hotel they was staying at had 'Dept. of corrections' somewhere in it's title.

That means if the prospective tenant receives unemployment, Social Security, etc., you have to count that as income, just like income from a job.So, separate from the 3x rent as income issue, can you also have a requirement that the prospective tenant must be employed or work in some way (self-employed, etc.)?