Then it came to the part where I put a value on the broken down costs, and that is where I got stuck again.

Called my city told them the meter is broken and they responded with a you take to many showers......

You need to know LL tenant law, screening techniques, fair housing laws and on and on. 

Hello all,This message is for any highly skilled Central Florida mortgage brokers who are willing to help screen lease option tenants.

You may lose the Tenant's portion of the rental rate if they decide to stop paying, but at least you will have the government's portion, which is usually the lion's share of the rent.Lastly, I would make sure that your Tenant screening process is fine tuned. 

Screen them, test them, replace them when you must, but build those core four people(Finder,PM,Contractor and Lender) and stick with them.For some of us this is our full-time job so we will do the heavy lifting if you allow us.  

Just make sure you set up your criteria to show to prospective tenants and than follow though with the screening.

Did you a do thorough tenant screening?

I was thinking the only way anyone is going to get a bridge loan of that size for those type of assets is maybe an FHA type loan were the GOVMIT is semi forced into these areas.. for free market investment bankers I can see them thinking the risk is simply to great.. a project that size could never get off the ground as they rehab some units they get broken into and trashed before they finish the place.My friend used his cash to buy the one I mentioned.. and promptly lost 500k... 

If the same due diligence of hiring a property management company is as detailed as buying another rental or screening the next tenant, you should be fine.