Posted by Tony-VA on July 02, 2002 at 13:02:39:
The first thought that comes to mind in regards to turning renters into buyers would be Lease/Option. They current tenants may have trouble coming up with a large option consideration however.
You may also be faced with the challenge of overcoming the renter mentality. Chances are that all 10 will not work out but a few might stay and be worth the work.
Certainly the tax advantages of L/O over the Lonnie deal are something to consider as well.
Best Wishes Buddy,