It might be a good training exercise at least running the numbers on some of the properties on the list. 

Lease option is also a purchase program, but the tenant can choose to not exercise the option and walk away. 

There are plenty of locations that fit the rule, trying to force the rule on a location where it doesnt work is an exercise in futulity.

Put your popcorn away because for now I am exercising the Lincoln Leadership method. 

Josh - I think the exercise that would be good to go through is to develop a pro forma showing your current revenue/expenses/income as well as a projection for future years.

To me, you'll have to try 2-3 months and run through an underwriting exercise of a building/properties about 10 times on each one to understand the true pros/cons of each model.

I'm personally exercising self discipline in this market and sticking to the numbers when trying to buy my first live in multi.. it's hard work finding a deal..but just looking at foreclosure rates this year..

Make it a simple return/unit of time exercise. 

The people are way more healthy than we are (probably a diet thing and exercise thing) with old people running across the streets and riding motos! 

It is extremely helpful that you posted this thread, not only to warn people about Joe England, but also as a generally warning to exercise caution when getting into private lending.