Hey Rob Rice you don't need an attorney to do that. It's just a regular lease agreement with the seller. Just make sure they giving you the right to sub let the place and make sure they are aware you will be doing so. I would also make sure you have the lease agreement and the option agreements as separate agreements and that you pay consideration for the option agreement. It can be for as little as $10 but at least there will be some exchange for it. A better option might just be to do a subject to deal or seller financed deal but if they are unwilling to give up the title and deed then go with what you're doing. Good luck with your sandwich lease option deal!!!!
LOL...Thanks Marvin. I shoulda been a little more detailed. I have done many sandwich lease option deals where I collect non refundable tenant buyer deposits for lease to own deals. I just never used an attorney since there isn't a need as you explained. I'm just looking to be hands off for deals where I collect 5 figures or more and It goes toward the purchase price. I think its worth a few hundred dollars to have them do it for me. I just was hoping someone in BP knew of one in the Atlanta area. I was being lazy.