The Lease Option Assignment - Cooperative Assignment - Wholesaling Lease Options Business model is popular when credit is tight, so getting a license to take over a listing that is not selling and working with other Realtors is a great idea.I have been doing Lease Options since my first in 1985, I bought w hard money and sold on a short lease w option, netting $16K.Many things have changed in the lease option - seller financing space.

It seems like there would be many opportunities to take some of the older condos/awkward layouts and have a fair amount of potential for flip profit but it seems that this is a far less popular choice.When you compare equivalent (size and relative location) condos from older buildings to new builds there is a MASSIVE price discrepency: many new builds starting at 300k in the core with older similar sized and neighborhood properties going for less than 200k (but very dated).

With no experience beyond BP what issues can arise from choosing either path?

Can't quite get my head wrapped around Lawndale.It is very well located - bordering both Redondo and Torrance which are affluent neighbourhoods, and it isn't particularly a big area, so I would have expected it to be perhaps more popular with the 'overspill' from the beach towns who can no longer afford it - but it appears that is far from desirable for home buyers (plenty of renters) despite property values shooting up last year or so.

I often read that it is a good idea to refinance a property as soon as possible to release money for another deal. This makes sense when the new loan can be obtained at the same or a lower interest rate, but when inte...

With the sports spotlight and the popularity that Cleveland has recently gotten, I see a lot of people moving there especially with the low price points.That is very interesting what you say about the Point of Sale inspections.

Dallas and Houston are popular for places in Texas.  

The HELOC is attractive as I can use it as needed for opportunities that arise, without paying unnecessary debt coverage.Can a HELOC be used as PoF for future purchases?

There will be many more problems that arise much bigger than this one. 

The problems can arise when you are the secondary and the primary gets greedy and shortsighted and tries to stiff you on the fee.