Also, they have over charged on legal fees to do evictions, they have "forgot" to collect the additional rent when it increased, supposedly for 3-4 months, then suddenly found the additional rent they had collected when I was ready to file a complaint.

what is your interest now all of a sudden sparked for rei?

Subsequently I checked further by asking other tenants (basement and groundfloor tenants) and they told me that for them they don't even have to pay electricity (everything included in rent).Suddenly I realized that I am actually paying for gas and electricity for entire house including all other tenants for last 4 months and it became apparent only this month when I thoroughly checked everything and inquired other tenants.

No problems there.But so now after searching seemingly endlessly for one good deal, all of a sudden I have tons of prospects calling me.

All of a sudden you'll actually start to doubt your doubts about it.

with the surge of lending changes coming, a foreign 2% loan seems like something to look into.if it applied to me, i might be motivated to try and get more info straight from lloyds.

Even if not, if the market goes down, the option price suddenly doesn't look so hot and they're out 5K.Add to that the fact that it make infinitely more sense for a person with credit problems to rent cheaply somewhere for a while, while they fix their credit problems with no risk of losing 5K and no risk of the market going down.You said: "on another note; all the people that I know that do these type of deals do purchase the home below fair market value and therefore start out with equity. part of this equity is then transferred to the end buyer which will setup a lease option.

Well, lo and behold, she's suddenly reading Rich Dad, Poor Dad and has completely changed her views on wealth.

It seems like a bad financial move to take on the burden of the loan hoping that the individual will all of a sudden be able to find the money that they claim not to have today.

When they suddenly switched you to an FHA I'm guessing you then had to place a down payment right?