All risk, little reward.

I felt the risk-reward was in my favor here, especially after stating in the contract that I can cancel the agreement for any reason during the first 14 days (which is also a law.)I've read the information on http://www.lonestarlandlaw.com/Lease-Options.htmlBut elsewhere, I read that some of these things aren't required.

If you have to borrow the 10k and it would affect your family if you had to pay back the loan on your own then you might want investigate it more or partner with someone giving them the risk and a large portion of the reward.

That way, when I post something on Craigslist while its available, if the first ad doesn't reel somebody in then maybe a new ad will or the next one after that. 

ITs a risk reward scenario and you must be able to either do your own title search or like I said have a good enough relationship that a title co . will give you a date down over the phone which is 95% accurate or better.. then your risking 30 to 40k on a title issue if your in the bizz and lose well that's just the cost of doing business..

Cold calling is very rewarding and I think has the highest ROI, but it takes work.

I'm trying to walk a fine line here of not discouraging you, but giving you an idea that it is a bit of an advanced area and to absolutely recommend you consult an attorney.There is the potential for some reward, but there are also risks and very often the risks aren't appreciated by newer investors.

One of the things I like about syndications is the flexibility it offers to sponsors and investors to create a economic structure that aligns interests, allocates risk and rewards performance.     

They always try to reel you in with the rates.Also cover your downside. 

He is right of course that it COULD be a bad time to sell, but it's a risk to reward quandary and in that sense the risk now is relatively high especially if there's an aversion to loss and/or little equity.