Is this like a franchise concept or what?

For example if purchase price is 8 times the rent its considered a great deal, If its 10 times the rent not so great.I wanted to understand this more, if someone can please explain this concept.

Fiverr and Upwork are great sites to have the concept drawn out into physical form, but I would suggest talking with a branding or marketing expert.

The concept of you plan is solid, I would consider a flip, to bolster the funds for the next Rental, thats what I do, flip 1, buy 2 rentals (if the return is enough) , flip another, and so on,  just be aware of how flipping may affect your tax return.

It is an open concept bachelor. 

I've been reading a lot about it to understand the concepts, the risks etc.  

I'm the kind of person that loathes the idea of Cash for Keys though I understand the concept. 

Hey everyone,I'll get right to it...I have never done a lease option deal before, but have a fairly good understanding of the general concept.

I'm wavering between a parking spot vs. the concept of an addition.  

Let's run a $500k scenario both extremes, 3.5% down FHA and 20% down conventional.These are CA numbers for things like prop taxes, but the concept should carry over identically.Let's pretend yours is a market where sellers do not frown on 3.5% down FHA, and let's pretend closing costs and/or what you can negotiate with the seller are identical and can thus be ignored.20% down: $100k down, PITI $2600/month.3.5% down FHA: $17,500 down, PITI $3400/month.FHA is $800/month more, but you got to keep $82,500 in your pocket.The FHA scenario where you pay $800/month to keep $82,500 in your pocket is mathematically very close to the following:3.5% down, first mortgage 80% LTV, 2nd mortgage for 16.5% ($82,500) hard money at a rate of 11.6%, interest only.