My intent is to buy this house and do the required repairs and it will be come my residence.

It has been mentioned that in a Lease Option, you work with the T/B to help them qualify for a mortgage to buy the home, or that the intention is to allow them to rent the home until they qualify.

I personally have no intention of keeping my day job forever.

Dave,It usually comes down to your intent with the properties.

Must take title, then resell, or double close the transaction (make sure to disclose your intent to your buyer and use the proper documentation)

I countered with an offer of $235.I figured for me to wholesale the house, I took the ARV of $430 took the wholesale price of $301 (70%), minus $50K estimate repairs, minus $10K (assignment fee) and originally offered $220K with the intent of giving me some negotiation room.

Ultimately, their intent is to leave the entire portfolio to their family when they die.

Listen to the "business coach" he really has your best intentions at heart

Should I just call them and ask questions then make an offer or mail them letters of intent?

I'm sorry guys, I think my post might of came out wrong, I was merely just trying to express my concerns, but I'm sure the advice that was given was top notch, it was never my intention to sound like I was disregarding the great points several of you had.