Does their lobbying prop up the entire RE industry?

. - It seems no one advertises the option price, just rent price.

I was wondering if there are other reasonable options for getting the cash.

What’s your process for evaluating whether a property fits a lease option or seller-finance buyer?

For many it's the only option to grow a portfolio faster, but I don't know any lender who would do 100% financing for a new investor. 100% of purchaseprice is okay, as long as it's not 100% of market value.Real estate investing is all about equity.

Option 2 - don’t allow dogs in the back yard and make them use front door and walk them down the street.  

So, I do agree with hedging your bets and serving a notice to pay or quit.The issue with them not paying rent and you using the security deposit is that they have zero incentive to clean the unit and if they damage it, you have no additional funds.If it were me, I'd serve them an eviction notice and then mark them as owing on a credit reporting site(I use Front Lobby).

Besides the option to buy with no obligation, is the only difference between a wrap and lease option the fact that title changes hands only in a wrap and not in a lease option?

Understanding your funding options can make or break a deal.

Yes, primarily looking for options to get the down payment.