Lease Option/Purchase is a great strategy to buy and sell houses.Just make sure that they are two separate documents and you cover your base with good contracts.You can read more about Pros and Cons on my website.If you want any help, do not hesitate to contact me.

There is just a few subjects that support that. 

I would advise to get an equity partner and get the loan that will cover all needs. 

Don’t fault him too hard because by and Large His response is very typical of most people who share his ideology of getting paid as an employee .his thoughts on investing in real estate are solely based in fear because he is not educated on the subject and Fear comes from the unknown .

Then the lender has to make sure you have enough income to cover the debt, which is the issue you’ll come into since it’s inconsistent 

That is why we suggest people to  make sure you manage them cash flow to cover taxes on your current year sale.

Allowing pets will put you ahead of other rentals and yes, you can charge more per month and have a pet deposit which should cover any expenses occurred by the tenant. 

Im confused about what it is that the insurance will cover.

Tips if your seller mentions “cap rate” etc—- they may be too smart lol... and I only make offers subject to me being able to make the offer directly to the seller!

You will have negative cash flow and will be out of pocket every month to cover expences on th eproperty.....money pit.