Now if they were in fair/poor condition, that's another thing, but if they were close to being what is normal for that area, you can not ignore them unless you want to loose money.Having said that, if you want to throw away your money, I can give you my address and you can send it here.

I would recommend reading "Total Money Makeover" as well, but I would also recommend reading "Rich Dad Poor Dad".

I may try to whittle him down another 2 or 3 k after the inspection, because I have a serious supsicion the roof was poorly done.We will see.

Poor Quality work- Passion must be visible in your work that you do at all times.

If the property is in poor condition, you may have to get empty house or builder's risk insurance to cover the time you're rehabbing it.

If it's in a poor neighborhood where people are not internet savvy Craigslist does not work at all, the best thing for poor neighborhoods is to post signs around the neighborhood.For middle income or upperscale homes craigslist is by far the best.

This is assuming you can make sense of the IRS publications as they are very difficult to read as they are poorly written.

===============I think there are a few issues for the Tenant Buyer that need to be not negotiated but BE CLEARLY THOUGHT ABOUT AND DISCUSSED with a win-win.Equitable Interest is discussed when a Tenant Buyer is nervous or suspicious of the Lessor - Optionor.Lawyers use the term to create a lawsuit Against the Optionor-Lessor.Judges in Landlord-Tenant disputes use Equitable Interest as reason to have a poor, ignorant Tenant Buyer being conned by Greedy Seller-Investor.IRS have called SOME Lease Options as DEEMED A COMPLETED PURCHASE AND SALE OR A DISGUISED INSTALLMENT SALE.Gee, what a hassle for the Real Estate Investor!

I was curious if anyone has ever done this and what criteria was used to make a decision.

Really appreciate your help on making a decision.