How would you structure this sandwich lease option deal?
House is in pretty good shape all in all except the roof is totally shot and needs to be replaced. If replaced it's worth $175,000. Market rent = $1,500 conservatively. Cost to replace roof = $8,000. $120,000 mortgage owed. $1,000 a month mortgage payment.
How would you structure a sandwich lease option on this deal provided the owners aren't in a financial position to replace the roof?