Lease Purchase Terms

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I recently flipped a home and instead of selling it I’m looking to do a lease purchase and wanted BP’s input on some of the ways you all structure your lease purchase options. What are some of the things to look out for? What type of contract do you use? Downpayment? Terms? Etc...

As the owner, you're calling the shots.  Realistically, expect approximately 3% as nonrefundable option money.  The length of lease is negotiable, but from the seller's perspective shorter is better, with 12 months being the norm.  You can set the rent and purchase price at the higher end of the range for your property.