This means that if an investor gets a great deal on a property, the property tax assessment will be in line with their purchase price (as opposed to an inflated tax assessment based on old data).

Or would it be better to put one of those exterior mats that hangs outside of the house?

A CFD is underwritten as a refinance and closed as a purchase, so you will have fewer bumps in the road with a CFD or a wrap than a lease option, specifically, that FMR payment issue.You could also make the CFD more attractive with a higher payment (shorter amortization) to establish equity in the deal as opposed to saving cash for a down payment.

Like Russell said, you're (usually) not going to have to worry about a new roof, exterior structural or cosmetic maintenance or, in many cases, HVAC and/or HWH.

They've taken care of the inside, but let the exterior go.

The most common thing is they want way too many GFI's, Basement sump pump and washer outlets don't need to be GFI protected if they are single (as opposed to duplex) outlets!

If you can't find a tenant within a couple of weeks, then you may have better luck with a property manager.Common Fixes - The interior and exterior paint should be in good shape.

You will run into more problems opposed to any possibly benefits.

I am nervous that they dont vent to the exterior and I know they can be a fire hazard if not used correctly.

If he's breaking the law, as opposed to simply living there without permission, the police may remove him for you.