I also take a look at the area and make sure it's nearby grocery stores, shops, schools and transportation as these all meet the needs of renters and offer jobs in the area.I invest in areas that are lower economically than my own neighborhood but still safe and desirable to many other families.

I'm a beginner so I'm trying to be safe.

A none State specific solution would be that the owner could buy the property in the name of an LLC

I figured saying the ARV was about $175,000 was playing it safe but I dont want to undervalue the home too much and present too low of an offer to the seller.

I would read what you can on Dodd Frank and the Safe Act.

I figured saying the ARV was about $175,000 was playing it safe but I dont want to undervalue the home too much and present too low of an offer to the seller.

Now, if your lease option sandwich sale deal has any hints of financing you're probably in violation of the SAFE Act, which means you won't be squaking too much about the whole deal since you're in violation.

What you mention about her living "rent free" for the last 3 years is true, no excuses, when one has a problem, almost all the time, somewhere you can find a solution or a way around it!

But, that being said, I just ordered a full title search to be completed before the auction to be on the safe side.

SAFE Act issues?