Besides, how would you like to be the proud owner of a new tenant who had "properly cited information" expunged?

What type of contract and fee structure would be considered “fair” for both myself and the investor, to ensure I am paid for all of the “pre-work”, i.e. property analysis, and what fee/commission should I charge if/when the deal is closed?

I could HI Kevin,This transition that you're asking about above is extremely important to transition smoothly and plan for because it will ensure your subsequent VA use for additonal purchases.Once the current property is refinanced with a non VA loan this will free up your entitlement for additional use.The max conv limit in Ventura county Ca is 672,750 and the max loan limits for a high balance loan can go up to 95%.So what this means is theoretically you could refinance up to 672,750 loan amount with an appraisal as low as 708,158 dollars or higher before your loan is subject to jumbo/non conventional guidelines (much tougher to qualify for and has lower LTV's).The VA loan has some key features that other loans dont have:- a trade off of no monthly PMI but the upfront PMI is huge, equivalent to 2.15 - 3.30 Points (borderline hard money points).

. ;^)A good HOA should have done this properly for fear of legal action.

This just makes sense if your intention all along is to help your tenant to buy.As I understand it the Dodd-Frank Act doesn't apply to lease options when they are properly set up.

Good luck, and i'm super duper analytical and trying to be paralyzed but also make the proper decision and pull the trigger, luckily I moved from my first home and turned that into a rental. 

Just make sure you ask for option period and put all the proper language in the offer.

I'm sure there are numbers that I currently do not have that I need to properly analyze this. 

In my opinion, the management fee should be enough to keep the lights on but the sponsor should be properly motivated to maximize annualized ROI by taking part in the profit split.For big Wall St funds, we've seen that some don't care as much about the upside as they do about their management fees, which are hefty given the huge amount of assets they have under management.

About a year ago, I found BP and started researching how to properly fix and flip houses.