MLO Success Stories (and fail)

[Aaron Helmholdt]

I have been interested in gaining control of apartment complexes through Master Lease Options. This topic doesn't seem to receive a whole lot of attention from BP. To all those out there who have tried a MLO on a multi family: Please share your experience. If it was successful, what made it successful and what were the details of the deal. Or, if the deal was a bad one, what mistakes did you make and what could you do different?

Also, what are the risks involved with MLOs? From my research, it looks like risk is pretty minimal if structured correctly. Thanks!