It is NOT a down Payment on the property and it is NOT to be credited towards the purchase as a DP would be.If you give rent credits, or OC credit towards the purchase, any really bad lawyer can (and probably will) turn it into a Land Contract agreement...which means, ALL of the rent payments and the entire Option Consideration Payment will be credited towards the purchase.If you want to give the buyer credits (OC and part of the rent) here is how you do it:1 - Agree on the rent/month and the Purchase Price.2 - Then, after you have agreed to #1, agree how much of the rent you would like to credit.3 - Add up all the potential credits, and subtract the total from the Purchase Price in #1...this is the official Purchase Price.4 - V.

Happy to say that officially today I had my offer accepted and now moving towards closing. 

But what I do need a few minutes of your time, at the right time, so you can email our elected officials and ask for their support.

A typical ceiling might be double 5/8" drywall, resilient channel, fiberglass insulation between joist bays with 3/4" ply subfloor.

The house has not been left officially for the son or any legal transfer as of yet.

I am always hunting in that area as well as all of Uptown including Broadmoor (hidden gem), Tulane, Lower Garden, Irish Channel, Milan, etc. 

More details are spelled out in the official memo:https://www.fanniemae.com/content/announcement/lm1...

We have a slack channel if you would like to group up with some of us ( its in my description) otherwise there are some good meetings here. 

I tried searching but just get summary and breakdowns, I want the official documents. 

After the second month of my official move in, the property value went from 106k to 135k and now at 150k.