At least it's off my "to-do" list.I just had an offer accepted on a 3-note portfolio, and I have a seller literally begging me for an offer on another note.I had a very productive dinner with the SEVP/CCO of a local bank, which I am certain will lead to something good.Finally, I had 2 family members who have done deals with me in the past approach me with some more money they "found."

As the buyer, it is the only way I would do it.Keep asking questions and engage this community, it is the fast track to proper education.PS.

A properly formed and filed Limited Liability Corporation can provide protection.

J Scott has given you the proper way to analyze a deal like this.

The good news, proper evaluation of any income generating asset is pretty straight forward.

I'm not promoting his products, but he once said: "Don't worry about asset protection until you have assets to protect."

How do I get through the purchasing and proper funding to rehab a place?

The goal is to make an upfront profit, a monthly profit and a future profit without any money down or using any credit.Each state has different laws regarding Lease Options so make check to make sure it is legal in your state and you are using the proper contracts, also the benefit of an escrow/title company is they will be able to guide you but make sure you work with an escrow/title company that is familiar with The Sandwich Lease Option.Remember to be successful action is the key...Marv Rousselow

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He consumes ALOT of Apple products (iTunes, movies, etc.)