The house we rented out has $157,000 in equity based on current estimated sales value and our other house we live in currently (we just had appraised) has $130,000 in equity. 

A Lease Option is not a sale so you probably don't have double closing costs.

For new builders, you need to visit the sales office with them on your first visit. 

I recently considered using a 12mm water resistant laminate (was on sale at $2/sqft) that had a real wood look and is click lock (floating) laid down. 

So, you'll find things like sales and listing history.

Purchase price: $186,000 Cash invested: $100,000 Sale price: $515,000 This house was in BAD shape, bank owned, and no bank would loan on it because the well and septic were shot.

Tenant left, and, again, with my Realtor and trusted contractor, made $5k in repairs and improvements to make it sale ready, taking total investment to about $158k.

(long story, not very interesting read) It's a balloon at sale or maturity of the first loan.Anyway, I plan on recording it in second position.

@Rhyna OrillanedaThat like asking Petco if they sell pet food.

I know I could risk it and see if the bank acts on the "due on sale" clause, that is not the question.