But once your credit is repaired or improved, you're still stuck with the thing.

Try not to tie-in substantial lessee improvements with the option exercise. 5.

The contract would state that I have 60 days to assign or else it is void.Please help and see the contract I have below to verify this is an ok contract to use.Thanks a Bunch.RaphaelPS possibly looking for a fair priced Rent to Own Mentor.Give me a call 703-282-7230LEASE AGREEMENT WITHOPTION TO PURCHASE REAL ESTATE(Standard Contract)This Lease Agreement With Option To Purchase Real Estate (hereinafter referred to as the Lease Option) is made this _________ [Day] ____________________ [Month], __________ [Year], by and between the following parties: ________________________________________________________________________________________________________________________________________________(Hereinafter referred to as the Tenant/Buyer), and________________________________________________________________________________________________________________________________________________(Hereinafter referred to as the Landlord/Seller).In consideration of the mutual promises and covenants hereinafter stipulated, the parties hereby agree as follows:1)DESCRIPTION: The landlord/Seller agrees to lease, and the Tenant/Buyer agrees to rent the real property and improvements, hereinafter called property, located at:____________________________________________________________________,As more fully described as follows: _____________________________________________________________________2)TERM: The term of this Lease/Option shall be for a period of _________ months commencing on _______ [Day] _________________ [Month] __________ [Year], and ending on ________ [Day] __________________ [Month] __________ [Year].( ) The term of this Lease/Option may be extended by the Tenant/Buyer for ___________ additional renewal periods of __________ months each, following the expiration of the initial term.

Not to mention, someday you could be in a bad mood.

To manage this volume, requires improving our systems and hiring the services of more trades people.

Despite my self improvement I'm still not where I need to be financially, that's what I hope to change.I need to find some deals like the above to fix my current situation.

However, lenders may have other more specific requirements such as surveys, improvement location certificates, or termite certificates.

@Jordan Vires without knowing the property (or seeing it) I'd generally say to put $250 - $300 per unit per year away for capital improvements reserves. 

Margins on new construction are just not that great right now even though they are improving but I think most or many are struggling to hit the teen's let alone above 20%.  

Pretty cool gig if you ask me.However, there are programs that FHA sponsors such as an FHA 203K, which allows you to purchase a home AND its improvements/renovations, and put a total of 3.5% down.