Though since was before the Dodd/Frank debacle their reasoning was based on safeguards against strict Landlord/Tenant Regulations.

Regulators look for predatory practices from scrupulous people and companies where they offer to review and some type of fee is paid to the party.

You won't get "pre-approved" for commercial property as you do for residential property but you should establish relationship with a handful of lenders.

But doesn't look very good.Next, in January, you won't be able to collect the payments yourself, you'll need a servicer to collect them under new regulations, that is another federal matter.Next, and strike three, you have an agreement that circumvents foreclosure requirements, now since Texas doesn't allow installment sales, it won't be allowing an installment with any equity amount to require or exempt the foreclosure process, so again, you stepped on it.If you have made any arrangement to convey title after the financing, it's a purchase arrangement and they folks in that house are not tenants, regardless of what you would like to call them, they are buyers, with ownership rights.I'd honestly say you're screwed.

The CFPB was created in 2011 under Dodd Frank and it is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services.

thank you for your response @Adam Roberts My partner does not have any established credit in this country.

First one in an area that does this wins, you'll be established first, do good and Realtors will love you.

And in some states, there are regulations covering lease options.

I'm new-ish to the LA area, from Seattle originally, where I have participated in the purchase and build-out phases of a few successful establishments there, and hope to continue that streak of success, but as an owner/partner from now on.

On equity, that's hard to project with the myriad regulations about what you can and can't do, and can and can't say.