What are the proper steps to take if you purchase a property subject to and then decide to sell it lease option.

Flipping I think can be very lucrative for the time invested if done properly.

I also have my guy show up later to double check its locked up properly and change combos.

The following was found in a google search:When septic systems are properly designed, constructed, and maintained, they effectively reduce or eliminate most human health or environmental threats posed by pollutants in household wastewater.

If you PM me  I can get you his info, but I have not used him or properly veted him.

I just want to make sure i handle the paperwork properly so that when the end buyer goes to get financing to buy the property there will be no glitches.  

If I understand your numbers properly, the 10% = $3000 annually or $250 / month BEFORE maintenance, vacancy, and management fees.  

Will be asking, after I put them in a proper order...lolbut thanks for the support.

The regs are quite specific and IMO it is unlikely a seller financing individual could properly notice and communicate with the borrower, provide the correct and timely statements, have the required toll free 800 phone line, etc.I'm not confused about the exemptions and am planning to use them.

There are some specific things you'll need to consider though by doing this type of transaction (Which is commonly referred to as "Sub 2" or "Subject to", meaning you're buying the home "subject to" the underlying lien staying in place).You need to properly disclose the due on sale clause, and what that could possibly mean for the selleryou need to wait 7 days before closing with your end buyer (Texas property code says that when selling a house with an underlying lien you must wait 7 days after giving your buyer an underlying lien disclosure before you can close.