They will fall into the definition of a lender being in the business, mortgage lender, consumer or commercial lender.

As a result, even a minor misstep by the buyer/tenant could result in a major and inequitable loss of equity.So why do lease-options fall within the definition of an executory contract?

As interest rates rise, if housing prices do not fall, then the monthly price will go up, and people will be 'priced out' of the market. 

Also please advise me of any other pit falls 

This helped me gauge where the market valuation falls.

Not a lawyer, no legal advice blah blah.In my opinion it would fall on you at that point.

One fear the seller will have is that the tenants may leave if they know he is selling and is the sale falls through- he's out a tenant. 

My hopes are to build a Team around me that can all share in the benefits that Real Estate Investing brings.My goal is to leave the Contracting business by the Fall of 2017 at the latest but hoping sooner!

I use Trulia to output searches in RSS, then I use IFTTT to create new spreadsheet rows in Google Docs.I'll then methodically look through the entries that fall within my search parameters.

I just wanted to create this post to show everyone my flip in East Falls that was just completed.Please let me know what you guys and girls think any advice, comments or feedback are greatly appreciated - Thank you!