I am looking forward to learning this real estate investing business, to help me provide and create a new and better lifestyle for me and my family ( 7 daughters).

I am looking forward to learning this real estate investing business, to help me provide and create a new and better lifestyle for me and my family ( 7 daughters).

It was getting cold he said ok I also explained to him the outside ac  fan had a Edison summer saver plans which turns the fan off at certain times he under stood but wanted the box off so I called Edison And had the box taken off problem solved .a week after  i got a call from tenents saying they got a message via text from the water company stating continuing runner water possible leak.so I went noticed they were running a swamp cooler 24/7 they said the ac bill was high so weve been using a swamp cooler,and they filled up a above ground pool .i asked them did they call the water company to let them know of the pool fill up they said they didn’t.i called the water company to talk to them about the running water text my tenants got and explained to them  they run a swamp cooler that runs on the water faucet and they fillled a pool ,and all the household water use from  big family.the water company said that’s why there getting that text.they also said that for me to talk about there account water usage they have to call and give permission so I asked the tenants they refused.its gets better,I get another call from the tenants now sayin one of the toilets are making a noise.so thinking the worst I go just a stuck handle.so while I was here I th ought I might as well change out  all fill valves and floaters for all three bathrOoms so I did.was there a few hours making sure they were running properly and leaks.i remind you that was on a  Thursday.on Monday my tenants send me a bill via picture text from  a plumber saying all toilets leaking cleaned out all fill valves because they were clog and put in new flappers leak fixed.i asked the tenants why’ didn’t he cal l me he  had no excuse,so  I called the plumber he said they clogged  and he cha changed the flappers.so i come  Back how’s that if I just put all of that new four days Pryor on Thursday he couldn’t answer me free.now im getting I’m not  paying  my water bill because of the leak.now they sent me there water bill .with previous charges from there old residents claiming it as part of  a leak.do they think I’m stupid,there clearly trying to scam me.they won’t  Give me permission to talk to the water company and  the plumber is his good friend.

If you're going to do a lease option or any form of a delayed closing, I highly suggest you do a lot more research on the topic and talk to a local REI attorney in your area before you get started.A few more things for Lease Options in general --There are tons of ways to structure these transactions, every state is a bit different.

That is great information for me to consider, I appreciate it.

Its easier for me to put out 65K to obtain the property and then have investors put up the rehab cost.

It's good for me in a way as I'm able to sell some properties I've just bought for literally double, but that also means now I have tons of cash sitting on the sidelines looking for deals that are no longer there.I just bought a property downtown Houston. 

For me personally my focus last year was mostly on new construction and we aquired very little in that year.

The thought of being ahead of the curve seems great, but the struggle to get to that point is serious stumbling block for me. 

@Kevin Sobilo AirBnB invloves too much time and interaction for me and living in a multifamily unit is out of the question as I don't think the wife and kids would like that too much.