I never pulled the trigger on a buy-and-hold because I got hung up on my inability to estimate repair costs and never took the logical next step of figuring out how to do that.

I will say though, if you think that house will realistically cash flow $210-265 a month, you need to spend more time on biggerpockets reading before you pull the trigger on a deal like this.

There are some concerns with lease options, and some argue that it could trigger the "due on sale" clause - though today it never does (though when interest rates rise, there is no knowing what banks will try to do.)

You cannot hide from them and you would be surprised what can trigger the due on sale clause, being an outright sale like in your case or a transfer to even a single member LLC where the previous owner is the only member or any type of rent to own or land contract or even a standard lease for over 3 years even without an option to purchase or any intent to sell now or in the future.If this is a path you choose to take, go in eyes wide open and make sure the sellers are as well.

Waterborne dries very fast and very hard.

& we did request detailed breakdowns as it triggers some interesting insights.

Germain Depository Institutions Regulation Act of 1982, provides an exemption to the Due on Sale Clause being triggered if the property is transferred to a relative as a function of the death of the borrower.

I don’t want to trigger the DOS clause and get myself in a situation where the house goes to foreclosure.Dilemma: I have heard people say that the best way is to buy properties in their own name as banks like lending to a person rather than a new LLC that has no history or track record.

Do you think this will this trigger any type of red flags though?

I've been working hard to save money so I could start my first investment and now that I'm there I'm a little trigger shy.