Well, if you're jumping into this "sandwich lease option" business, throw that out the window.

Good point Karen...I have seen discussions about lenders charging 10-14% which is reasonable but they also throw on 4-6 points.

Oh, how I wanted to wait for some posts to this but just to help get the ball rolling I will throw my hat into the ring.Seller finance is adverse to non-seller financing.

Just throwing those out there.

The seller would still getting 50k from you - 35k in cash and 15k in roof repairs (i'm just throwing that 15k out there obviously as I have no idea how much the roof is) so if you walk, they make out with 50k in value from you.

If I choose TCV my fear is  that in the time of a loss that we don't have what we need to rebuild but also in the same scheme of things I don't have an extra $2,000.00 a year to continue throwing  away if I don't need to be spending that extra money (which apparently I have been doing).  

Wel, I don't have loose change ready to throw at a lawyer because I don't know the answer.

I'm certainly not going to just throw up a bunch of meaningless responses for points.

Not sure if this is the correct area to ask this question, but want to throw some numbers out to see what's the best direction.Last year I bought a house, paid $13,000 through the city since it was an abandoned property.

Second, you don't want to offer a lender a percentage, only to find out the property doesn't throw off that much cash.