It is a pretty simple process.

I guess my question is it as simple as drafting a new promissory note and recording it or am I missing something.

Your ideal tenant profile would be someone who doesn't mind not moving in for a while but would rather work on the property to fix it up and then complete the purchase by exercising the option.2.

It could be something simple like a leaking supply line or a leak from a rocking toilet.

Simple answer for me, but all things considered who do you feel most comfortable living with?

This really is simple. 

The simple answer is that in a tough market to find deals you need to look at more deals in order to get one.

I'm most interested in holding as rentals.We plan to choose a unified look through all rehabs to keep it simple and save money.

I do a spreadsheet (very simple), separate bank account and separate credit card.

These simple meetings to network (no sales pitch/sell you the program).