But you also need to consider incomes, job growth, and other market factors as well which contribute to a decision to buy in one area over another.As to your main question here, do note that a large amount of time, lease options are not every exercised by the tenant and I can tell you it will be difficult to find a tenant willing to put money into a home prior to them actually owning it.

All roles should be clearly identified along with the process for addressing all issues from maintenance to rent collection to bill pay and inspections among plenty of other items.2. 

It was no longer an academic exercise or talking about a concept and how cool it would be to do after listening to podcasts and reading books.

They'll need to have an active role in the company with you, but that shouldn't be a problem.

100% agree with @Dave Foster and exercise your tax free gains option.

@Daniel Lozowy The true question becomes what kind of PM will you get that can manage a 20 unit property who will hold you worthy of a {insert your role} here?

I guess this may be an expensive learning exercise.

Many things play a significant role when increasing rent.

This way you will be in a better position to ask for mentorship and judge who would best fill the role of mentor for you.Best of luck,John

It will be a diverse group of people who each play a role in the overall process.