If the borrower does not have a history of renting the subject property or if, in certain cases, the tax returns do not accurately reflect the ongoing income and expenses of the property, the lender may be justified in using a fully executed current lease agreement.

I have a family currently renting one of my properties that had asked for the option to renew the lease for the first year.

Check your lease, unless there is a kick out clause upon the sale of the property the new owner has to honor the full term of the lease.  

The bank I used believed this rule wasn't applicable because once most leases were up after 1 year a number of tenants would be moving out. 

I have a 3bdr 1 bath under a lease with an option to buy. 

They mentioned about wanting to re-up their currently lease by signing a long-term lease. 

(TENENTS ARE IN ONE YEAR LEASE TO EXPIRE 1-31-19).IF I PAY OFF THIS LOAN NOW, CASH FLOW WILL INCREASE TO $897 A MONTH.I DO NOT WANT TO SELL HOUSE.HOUSE # 2BOUGHT IN 2014, PAID 220KVALUE NOW IN 2018, VALUE IS ABOUT 335-345KBALANCE ON LOAN IS $151KLOAN RATE IS 4.375, 30YEAR FIXED RATE SINCE TIME OF PURCHASE IN 2014.AT THIS MOMENT, CASH FLOW IS $200 A MONTHTENENTS ARE MONTH TO MONTH, HAVE BEEN THERE FOR 15MONTHS,  I DO NOT WANT TO SELL THIS HOUSE.  

Either get an income-stable co-signer on that lease or move on!

However, if you have 25% to put down with at lease 5% left over after closing in "reserves" and decent credit, you're in business, even without a job.If this is the case, do as I advise and open an LLC today.  

I'm looking for your best and worst experiences in lease purchases and how you learned from them.