Posted by Mark-NC on March 16, 2000 at 06:50:31:
I don’t Know the area in particular. And maybe a lease option will be OK. But Here is what I can tell you. Many Lenders are afraid of row homes in fact many of them refuse to finance them.If the home is in a declining neighborhood you might want to consider what could happen. Such as values going down and being able to excercise the option at a later time. And finding a lease option tenant that is dependable for this area.
It sounds a little scary to me but maybe someone else on here has some positive insite for you.