I think your estimated rent is extremely high.

In a real estate market like Austin is right now, a good agent is extremely helpful.Lynn

Trust me you can get this done!

It is extremely competitive and to really have a decent chance of getting anything you have to be bidding basically everyday on multiple properties.

You must trust their authority in granting or denying your request.A "use variance" may be your answer.

No Land Trust - sub2 combination, nothing.If you have a 1 year lease with a contract for option to purchase, with the option held in escrow, equitable interest is avoided.Finish the lease and get the option is the aim of the device.:)

He has an empty acre and a half lot in a high end neighborhood. 800k+ He seems extremely motivated.

I would be sure to be there at all times unless I completely trusted the contractors working for me.

Besides, you'd be better off using a note and deed of trust, not a rent-to-own or CFD. purchasing is more difficult for any note buyer, as Dawn mentioned, many will only buy payments as the contract has to go back to you to convey the property, otherwise they are buying the property subject-to and conveying title, few would do that.There are some who will purchase lease payments assigned, if it leases for 500 you might get a better deal doing several assignments of rents, but that would likely be small dollars in this property.

So, I've made a video of my last house I checked out, a complete walk through (except exterior, which you'll just have to trust me needs exterior paint and some landscaping that I'll do on my own) and I want to let the other newbie's like myself see how my numbers come out.