Lease option

[Randy Duke]

I have heard a real estate guru claim that you can get way more rent with a lease option that with just a straight rental, also he said you should get a 5-10k non-refundable option deposit.

My question is, is that true?

I would be inclined to think that if the renter/buyer has bad credit and can't qualify for a mortgage, that he probably does not have 10k sitting around.