50% Rule for Lease Options

[Mike Cartmell]

If I purchase a house with intent of finding a tenant buyer to sell with a lease option, do I need to apply the 50% rule with this property. I am not planning on renting it, the term would be 1-3 years. The potential profit would be made applying the appreciation (3-5%) to the current market value over the term.

I am looking at finding a nice property with around 10-20k in equity and then selling by lease option. There is no way this would work if I applied the 50% rule. Is this doable or have I been wrongly guided by one of the gurus?

Thanks,
Mike