Posted by MaryEllen on February 22, 1999 at 03:13:53:
It sounds like the owners are living in the property. How long will it take to get them out? How much will it cost and how long will it take to clean up.
With lease/option the property needs to be in tip top condition and preferably vacant.
Can this property be lease/optioned for more than market rents and enough to cover the house payment?
Have you taken any lease/option courses? Do you have the proper paperwork?