Do not record the actual option.To finalize the deal, as you describe, you would need a simultaneous closing with the seller giving title to you, and then you to the end buyer.But remember, Just because you have an option to purchase at a set price for a set term, does not make you the owner of the property.  

When starting out and doing most of the work yourself (or paying help in pizza and beer), remember perhaps the one most important phrase in this wonderful rental business:  "THE ONLY THING WORSE THAN A VACANT UNIT, IS A UNIT WITH A BAD TENANT IN IT."

However, as we know, Atlantic City area has been "rebuilding" for as long as most can remember. 

But if the market smiles on you .. then when you sell you can reap the rewards.but do remember unless your going to 1031 and keep rolling up you wont really see that cash.. and if you want the cash then you will just give back your tax benefits in the form of recapture.. but you will always have the debt pay down from your lease tenants.. .. and in the old days if you could get a tenant to pay off your house.. then that was OK and I still think that is OK in strong markets.. 

It's growing slowly, but we have a group of good people so far. 

I don't remember if it's October or November, but pretty soon we'll be hitting year 2 of the homestead to get our capital gains tax free. 

Attend local meetups, read books, and see how you can help a local investor grow there business.

I couldn't remember the full name of the one that already meets once a month.

Just remember, each deal may be different.

The only deal I am working on is currently my primary residence, which I am planning on refinancing and turning into a rental as we will be purchasing a slightly bigger home for our growing family.I just recently stumbled upon BP recently and am so glad I did.