virtually any tertiary market in the mid west or upper midwest will hit this.and OKC seems to be some new ground for these types of homes as well.when you invest in this asset you have pert near zero chance of any real appreciation so if your going to do it.. you need to do what the folks above are talking about you need to do VOLUME .. its a business it is not an investment.. your just going into the rental business... where cash flow is the business.. and its anything but passive as well.

Also, I had asked my agent to take additional photos while I still had a chance to back out; she only sent me photos of the outside - I figured there was nothing 'undisclosed' in the interior.  

Nothing needs to be recorded or submitted to escrow.You certainly can by all means, but that may bring about additional servicing fee costs and give the impression of a "down payment" or "installment" which you want to avoid in lease options as to avoid any equitable interests of the tenant buyer. 

I refuse to hear I do not have a chance.

Hi everyone, I am lucky enough that if I drive 1.5 hours outside my area, there is a good chance I can purchase a property for cash.

They have the option of walking away and taking their chances with you or another buyer, or they could see the deal through for 88k instead of 90k.  

Thanks for the book suggestions, I have them but haven't had a chance to read.

The tenant has no equitable interest or rights in the property until they close escrow/title.* Set a Fair and Realistic purchase price that will be fixed for the option period.

So I took a chance with the lower nonunin company.

P>S read my last post when you get a chance.