The basic idea of a lease option is pretty basic but the details are what will make the experience good or bad.The way that I do lease options and the most successful way I have experienced is to lock in the sales price, give a 3 year lease, and require the tenant to make all repairs.The other thing you are talking about is purchasing the home "Subject To" which simply means subject to the existing financing.

Basically this question is like asking "how do you make a website" so there's no easy way of answering.

Go back to basics.

Is the tenant just refusing to pay rent or has the tenant paid the rent to the court or other government agency, which is legal in many areas?

She basically told the bank to take my offer, and she helped me start out low enough so that with a little back and forth with the bank.

SUBJECT TO you get a home basically for a little bit of money and that's it.If the seller is motivated and the numbers work I usually get mine for $10.

So basically if you have an unforseen situation and can not pay the HOA, they can foreclose on your property that you are paying the mortgage on every month.Most investors want to have control of the situation especially if they have a mortgage on the property.

Can you guys suggest a linked post on topics related to starting out as a new investor:- basic setup- marketing strategies- exit strategies

In NJ court, if you show that you have a "Prior Practice" of accepting late payment without penalty, etc. it will hurt you in court and the eviction process.

Basically I am a free agent. :) I absolutely love what I do and enjoy the thrill of learning so much throughout a day, taking on the challenges before me, and interacting with the most outstanding people and working the most interesting projects.