And what is your average closing period if you don't mind?

I am waiting for the rest of the documents to be sent and schedule e is the first one I received.

Most sellers won't even know you had financing, so long as you can get the appraiser in.You better do you due diligence during your inspection period or you can be had.....

I live in one of the rooms and I am renting the rest out for $2500 a month so making about $1000 extra.

Be driven to focus your attention on deal making activities and ignore the rest.

In a lease option, if it is just a lease until someone uses the option to buy.. in the lease option period.. how do the bank know the lease option exist and call the loan due if nothing is recorded with the city during lease option agreement?

If there's a pattern of regular payment like in a 12-month period, that's good.

John,You do not need all of that.What you need is a good commercial broker with a network of good lenders,title,etc.Each one of those types of assets of triple net you mentioned have their own finance structures.For example a pharmacy you can get in with 5% down and non-recourse with a 25 year term and amort.There are no rent bumps in almost all cases until the option period kicks in and it is minimal.Pharmacies are more like an annuity that you will own free and clear after 25 years throwing off good cash flow when it's paid off but being next to zero cash flow during the term..Until then you get depreciation.The lenders will usually go to DSCR of 1.01.With restaurants most are recourse unless investment grade and the lenders want a DSCR of 1.25 to 1.30.With restaurants you typically achieve rent bumps of 1.5 to 2 percent annually but because of DSCR are putting down 20 to 25% of LTV.How much money do you have today so far??

Owner Owes $85,000PITI is $794.00.Owner lives in another state and home is vacant.Our Strategy:[/b]RESIDENTIAL LEASE WITH OPTION TO PURCHASE AGREEMENT©I believe the RESIDENTIAL LEASE WITH OPTION TO PURCHASE AGREEMENT© is the Agreement used between ourselves and the SELLERRESIDENTIAL LEASE1) Rent: $ 800.00 per month (Based on current rents in the area)2) Lease Term: 12 months, beginning September 1, 2012 and ending September 1, 2013 .3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs of the property, not to exceed $200.00 per incident.OPTION to PURCHASE4) Purchase Price:$89,9895) Option Period: 36 months, beginning September 1, 2012 and ending September 1, 2015.6) Option Consideration: $10.00 All Option Consideration will be credited in full toward the purchase of the property.7) Rent Credit: Buyer/Tenant will be credited $400.00 per month toward the purchase.8) Closing Costs: Purchaser will pay all allowable closing costs.9) Expiration: This offer shall expire on August 9, 2012 at 12:00 midnight.10) Inspection: This offer is contingent upon physical inspection of property and subsequent completion of a formal and signed Residential Lease with Option to Purchase Agreement.MEMORANDUM OF OPTION to cloud titler Tenant/BuyerWith our Tenant/ Buyer we will use the following documents:OPTION TO PURCHASE AGREEMENT© which cannot be assigned.Purchase Price: $93,000Option consideration: @5% $4650.00Rent: $900.00Lease: 12 months, renewable x 3.RESIDENTIAL LEASE AGREEMENT© Unassignable.Your critical analysis of this deal is highly appreciated.

im not understanding option arm to well... what happens to the loan after the fixed period.. do i have to refi again?