With a shorter seasoning period with commercial loans or flips then they're doing even better.

Agreed....property taxes, a mortgage balance, any lien on the house....none of these are considered “closing costs”, they are a preexisting debt the seller owes and it comes out of his proceeds, period.

I'll give you the steps as if you are in Georgia or another similar state that allows for a contractual due diligence period to walk for any reason at all.

We added a 48 hour period directly after full execution of a contract, during which you and/or your clients need to walk through the property and determine if you are going to move forward. 2.

Assuming it needs work and wouldn't qualify for conventional financing a hard money lender is probably your best option then refinance once you pass the seasoning period.

There is a two year redemption period in which the first year the owner can buy back for what you paid plus 25% and the second year plus 50%.

We added a 48 hour period directly after full execution of a contract, during which you and/or your clients need to walk through the property and determine if you are going to move forward. 2.

Do you have access to information concerning tenant performance during the Covid period? 

Hi @John Alosio, en essence a lease-purchase option is simply a lease with an added "right" for the buyer, namely the right to purchase the property during the option period under the pre-established terms and conditions.So, if you entered into a lease-purchase agreement with the tenant in Unit 2, everything would remain the same for you until and if they execute their option to purchase. 

You invest in a market because it makes you money...period.