If you are going to be putting up all the deposit money and getting a percent of the profit at the end, my thoughts are that you would have to have an equity interest in the property to make everything legally sound.

I was using Houzz and think I was blessed to find two examples that match my foot prints exactly.

One essential element is that you need to figure out what is going on and make sure you get a non-refundable deposit if/so when they bail, or you have to evict them, you are covered.You still need to figure out why they aren't getting a mortgage and whether, given those circumstances, the lease option is still an acceptable risk for you.Finally, if you are fixing and flipping houses, the opportunity cost of having your money tied up in this house essentially for ever is very high.  

The triumphs (Yes, I did just score a closeout deal on product that actually matches the design and adds $800 to the bottom line) and the Marketing and selling (which is where the fun really begins).

I have two houses now (one is my residence) and getting ready to make an offer on 1 maybe two others...so for me:Work at a full time jobSolid creditno current difficulty with income to debt I am sort of a planner and am told that regardless of your situation I'll likely be capped at 4(ish) mortgages...even if I am not, after four or five purchases I will be out of deposit money and likely would have other ratio problems.

I always designate in our agreements who the primary tenant is, naming the one with the highest likely hood to be able to continue paying.Something to think about is the security deposit; will the wife expect any of it when she moves out?

I had no idea this was going to happenDoes anyone know if I can require a non-refundable deposit from the next buyers?

Clear communication with the tenant from the beginning and a sufficient security deposit to cover your real losses is a better approach.

What about a trust account for the security deposits?

Good luck getting more than the deposit.