Pull all 3 credit reports for free thru annualcreditreport.com..Dispute any errors..I pull 1 report every quarter so, essentially I'm monitoring it for Free.  

awesome jobnow your thinkingyou can create your own terms and payments and and and-get with your paralegal to get all the paperwork set upget your cpa and figure out how you have to structure to complete the transaction and get er doneI forgot about that I have to write that one downenjoy

Those are essential for me to completely process all of the numbers.

College degrees are essential for certain careers. 

The title company or closing attorney gets those and then pays them out, if necessary, to various agencies to record all the paperwork with the county.  

Essentially, you can live in it rent free as long as you are willing to live in one side.

The issue I see is that you are essentially paying retail for the lot and not leaving yourself with a margin of safety.  

If we complete a Lease Option deal, does seller still pay their original mortgage, while I'm essentially paying that off with my rental income?

If we rent it first, and then start an LLC, does that mean we have to redo the paperwork with the renter later?

@David RutledgeDavid Its up to the lending institution but they may also require  cash reserves, more paper work, longer loan closings etc.