Hi Nathan,I disagree with the more liquid statement for 2 to 4 units .

Look into the rates in the area and see if that just might tip your profit and loss statement in your favor.

As a wholesaler your maximum allowable offer should be based on ARV - investor profits - repair costs - assignment fee.

The Quick and Dirty of Wholesaling Lease Options…Here are the basic steps:1) Find a motivated seller who wants to sell their house on a Lease Option…2) Get the property under an “Option To Lease Option” contract…3) Find a qualified tenant-buyer who has a good down payment and a good chance to get a mortgage in 6-12 months…4) Sign the Lease Option paperwork with the Tenant-Buyer…5) Assign the Lease Option docs back to the seller…6) Keep the Option Consideration / Deposit and give the Seller the first month’s rent…7) Put the Tenant-Buyer in a credit repair program with your mortgage broker…8 ) Deposit your money & move on to the deal!

@Adam Valenta  Per the law, the seller must have fee simple title, so you couldn't do a SLO, but you can do assignments or just straight lease options. 

Hey BP, when I get a property under contract do I open up and put the deposit down and order title insurance even if I'm going to assign the contract.

You can take a quick look at their financial statements, and just multiply those ratios by equity capital to get a quick potential idea.

Are you going to do a double close or an assignment of contract. 

In a simple statement, there is no reason a Lease Option Contract would disqualify you from a future mortgage, if you can afford the future mortgage.To some degree, it sounds like both are wrong.  

Originally posted by @David Doyle:Here' s where Im going with this John,, .I dont want to put this deal together unless my seller is likely to get his loan for a new home and my tentant buyer can get financed at the end of a 18 to 24 month option period.That sounds like a solid foundation upon which one can build a lease option assignment business.No one is holding a gun to the sellers head.