Are these sketchy $400 leases even legal?

You probably need to check this out legally.

I would make sure you check your HOA documentation to see if you are even allowed to rent out the property.

I'm thinking not, but you've got to read all the contract documents, and the terms you agreed to when you registered.

Any legal issues to think about?

Being legal has advantages.

You might want to read the following post:http://www.biggerpockets.com/forums/51/topics/60274-texas-lease-options-deciphering-the-legal-jargon

@Angelo Without getting into legal or tax advice we typically have language in our letters of intent to the effect of buyer will assign the property to a new entity created solely to hold the property.

The son is moving to a new city and my tenant simply asked if she could keep the son's dog for a few months while son was getting settled.If it were a small dog, we were inclined to accommodate her because she is a good tenant and will likely buy the house at some point - she has great credit and just needs to show enough self-employment income this year to qualify (IOW, take fewer business expenses and legal deductions).The picture is from the application.

Don't know about the legal/tax aspects of this but maybe others with more knowledge will help.