Now I am really confused!
I need to know how to structure simple lease options on 2 homes in Arizona. I am really new to investing and desperately need help because I don’t want to put myself in a bind.
One good paying renter wants to buy or do a lease option. She has about 35,000 in cash and said her scores are low.
My mortgage is 148,000 @ 700 a month and her rent is 925. She knows that I could actually get about 1050 for rent there. The comps are 240-260.
I just don’t know what the best deal is for the both of us. We are only in the beginning stages of trying to set something up so she could buy the home.
Do I sell or do I option? Should I do a wrap around instead?
How do I find out if the lender doesn’t allow wraparounds? Where do I look on my mortgage papers or do I call them and what do I say?
The other rental has a 144,000 mortgage @ 700 month and I just evicted a tenant. I can get rent @ 1100. Lots of applicants are asking about a lease option. This house can sell for about 250,000
Last week I put my Scottsdale green house on the market and have already located the 1031 exchanges in Texas. I hired an agent to show for this one because I am out of state.
It has a 452,000 1st and a 56,000 HELCO 2nd totaling 508,000 mortgage @ 2650 a month. It is in a new 1 mil neighborhood and I plan to let it go for just 799,000 because I don’t want to do any upgrades like the other luxury homes have.
I don’t know what all my choices are in setting up proper lease option contracts. I am really confused. Any advice is greatly appreciated. 
Thanks.