But I would borrow 100K at 5% that I knew I could rent for enough that not only would it be paying the principal down on the mortgage a couple hundred bucks every month, but also cash flowing (after all expenses and vacancy, etc.) a couple hundred bucks every month.

., I believe Lima One Capital had a non recourse option when I refinanced with them a couple of years ago, but I do not remember for sure.

There are a couple down in Des Moines and one in Mason City.

@Jay Hinrichs This was my initial thought and I talked to my accountant and he said that I could potentially rent it out for a couple of years and still pay no tax.

Good Evening, I purchased a tax lien a couple years ago for a vacant lot in Sarasota off of Fruitville Rd near Bobby Jones Golf Club. 

but I will take a guess at what your askingif the developer is going to bust this into lots and you stay in you just lost your tax advantages and will be deemed a dealer at the highest tax rates.sell now no risk.. and best tax treatment you could 1031.if its one property and your saying should I partner and they are going to build an apartment on it and we will keep it.. that's different.. but you lose control because your now going to put a massive amount of debt on it.. all though in your area not too risky given market conditions.. and really depends on your developer  known, reputable and stable ?

He has investments there and over the last couple of years has been investing in Indiana - NW Indiana & Indianapolis.  

Going to get together a pamphlet so I can put on a couple doors and not just single out the home owner I am targeting.

Hello,I have been doing some research the past couple months on lease options, in particular sandwich lease options.

I've already attended a couple of meetings from the MeetUp.com website.