@Sean McCluskeyI think you are missing my point , At the end of the year the difference in tax rates do not matter, or only by a couple hundred dollars.

If you go this route, I think you'll be a few hundred bucks a month in the RED.To make this work as a BRRRR, you probably need to get it for ~$30k and then only take out a mortgage of ~$180k.

Also, if the tenant paid hundreds of dollars to cover the lawn with rocks, I'm sure it looks way better than it would with dead grass or weeds 3 feet tall. 

At least run this by a lawyer, its worth the few hundred bucks and easy to get on the wrong side of the law (I have done court mediation including landlord/tenant).Jon

I have a few hundred thousand dollars saved up to start note investing. 

I have almost 26 years and hundreds of deals worth of experience investing with lease options. 

If you are borrowing $240k+ to make a couple of hundred in monthly free cash flow, I would probably pass on the deal. 

I've briefly looked into lead sherpa but before I got spending hundreds of dollars on mailings I wanted to get a gauge on what other people have found helpful first. 

I held on to a late payer for 3 looooong years, and they paid hundreds of dollars in late fees. 

Can you hire we go look or pay an appraiser or real estate agent to do an analysis for you for a couple hundred bucks?