Lease option for landlord and put tenant in it
I have a local real estate agent that is able to put people in lease options. There is no money down with a 5 yr term to buy.
What is the up or down of getting into one of these lease options and then put a tenant in it?
In my mind, this is a property that i can lock in at today's price, but not have any money into it. If after 5 yrs, if the house does not have the equity or perform as desired, I can walk away from it, but could allow me to cash flow over the next 5 yrs.
thoughs good or bad?