With a lease option, you could be forced to foreclose but this would be entirely up to the judge.

If you can, please share.Hi Victoria,A lot of folks in the Bay Area has $250k - $750k in the bank after 10- 20 years in the work force.

The payment is $1108 per month.The remaining balance is $88K is still on the ARM but we can lock it into a Fixed Rate of 2.4% if we do it by July 31st at a monthly payment of $334.THIS IS $88k REMAINING TO USE FOR INVESTMENT PROPERTY!!!

I think it's hard to force interest in REI in general.  

VERY rarely does the left arm work with the right.

I have recently decided to go full force with REI as a path to financial freedom.

I know how to generate motivated buyers, I know how several ways to find distressed sellers without spending an arm and a leg on marketing, and I know how to get in contact with a title company to help seal the deal.

@Tony Mayo Just to address a couple of your questions and discuss strategy, a great way to borrow funds (from any source) is to find a property that is either under market value, or can be improved therefore raising its value in a short amount of time (forced apprecaition) and then, say 6 or 12 months later (there are rules on how quickly you can Refi), you can then refi it at the higher value.

If not, the forced equity from the rehab can make refinancing it a great strategy after you are ready to move on to the next one.

@David FernandezTechnically your boiler is an HVAC system (heating), but I gather you are contemplating replacing the hydronic heat with forced air.If the property is in an environment where there is a significant cooling season, then the extra cost of switching to a central air handler (i.e. heat pump w/ ancillary gas for additional heat), removing the radiators and lines and installing ductwork may make longterm sense.If there is not a significant cooling season, then it would be far more economical to replace your old boiler with a new high-efficiency condensing gas boiler (~95% efficient).