Your best bet is to review a self storage rental agreement, and work from that.

Are you betting on appreciation?

If this lease-option "buyer" is a relative newbie (and I'm betting he is), then I would NOT do this deal.

There are other areas here that would be great for fix and flips, but they are very active and have very few foreclosures.

If the prime rate was to climb a few points, I am willing to bet all the banks will jump back on board.I have not had a problem with my HELOC from my credit union to date (knock on wood) and they seem to have the lowest rates, lowest fees ($0), and the simplest approval process.

I have been gathering ideas and working out marketing strategies for the past year or so and I am ready to step out of the real estate office I currently work under and begin my own.The area certainly isn't lacking in the number of current real estate companies nor in the number of active realtors but there are some areas and targets that are NOT being approached by anyone.

Tim - I'll bet your Dad taught you the meaning of real work, something far too many don't know much about.....

Based on your posts, I bet you'll have a lot to offer to the forum!

I love the youth- USC has like 25000 students, so its a really alive, active community.

I see that you've become active elsewhere on the forums.