She already has a tenant in the house.I know wholesaling this property is an option, I wanted to know if Lease option would be a good strategic move as an entry into this property?

I really only can qualify for a VA loan @ this point.Renegotiated with credit union saying extend my period and lower my interest or I move the loan.

In that price range, you might look around Taylor, but you'll attract a lower end tenant.

If I've run the numbers and have a clear picture of what price the deal will make sense for me, I just make an offer for that amount (or lower).

If it meant to keep a tenant and lower rent by keeping the same paying tenant in the rental - I would do it in a heartbeat with an addendum to the rental agreement or lease agreement in place with the understanding that the rent would go up in "x" amount of months.

I've been researching for a month about different entry and exit strategies and how to evaluate deals.

Upon exposure to "first sale" without getting the full bid amount, the tax collector (well the attorney for the collector) can petition for a judicial sale where some of the other liens are to be wiped out, so that it might sell for a lower amount.Now, what exactly are you proposing to the owner of this lot?

Welcome to BP; You're experience should do you well on the other side of the see saw; let's hope the mortgage end of the business lowers the bar a tad.

Who knows if that will increase out even hold, but now it provides good positive fodder.But my goal is to generate more cash flow, so I am looking at markets with lower acquisition fees.

Veronica-Will Guzman The lower your EMD the lower your risk.