Sounds like a hassle you say, not so, tenant buyers are easy to find and I got to collect the option consideration 4 separate times on the same house.

The act, promises, goods, services and/or money are called “consideration.”

I just recited part of the due on sale issue being any lease greater than three years.....As to the exit plan with a quit claim deed, you do realize that a lender must agree to the acceptance of the deed in lieu of foreclosure and that thier option to do so may include the consideration of the property having been owner occupied vs a rental, as rentals are usually in poorer shape, especially in light of the repairs mentioned.

Would any of you be willing to spend an hour walking me through the key considerations?

Thank you for your consideration of this request ??

So if I put in the baseboards, the tenants will then be controlling the heat & air (window units) and basically paying for it themselves reducing my monthly expenses considerably.

I want to make an agreement that as a consideration fee I will finish the property.I am planning to rent the house to tourist visiting the islandThese are the details:Asking price 324.000Costs of repair 10.000Monthly market rent (due to seller)2.500Market value after repairs350.000My montly income would be+/- 4.000I will propose a lease option deal for 4 yearsHow would you guys as professionals look at this deal?

I too have been doing a considerable amount of study making sure i am well informed.

Your mileage may vary.And another consideration is the design feasible for the space available without an addition or puncturing the roof structure.

Also be sure that you are allowed to put a newer mobile there...some places have grandfather clauses for existing mobiles, but forbid replacing them.Another thing to take into consideration is the cost to move the home--it can be up to $3,000 or so, and you will have to find a place to dispose of it.