Lease option

Well we finally finished our 2 lease option deals.
1) I was contacted by a tired landlord after she had spoke to other investors who said they couldn't help her out with you house. What she had was a 2 bedroom house that she is upside down in. What I ended up doing was getting a finders fee, $1000.00 for my trouble. The deal is very skinny so I figure it was a win win if we did it that way. So I found a tenant buyer for her, helped them both with the paper work and deal done!
The owner got 4k down and the balance of what she owns for the house in 5 years and the tenant buyer got to purchase a home. All is good and everyone is happy. The seller couldn't thank me enough. That feels really good for me. Karma

2) We completed a Rent to Own deal also. Is a property that we own. The house needed some repair. We were figuring that the house needed least 2 k to get it rent ready. I told my partners that we should rent to own it without putting any money into it. Of coarse my husband/partner was sure that it was impossible to "rent to own it like that!" Well the second person we started working with signed up 4000.00 up front a payment of 975.00 a month, no rent credits, an additional 1000.00 due April 1st and a end price of 145k We purchased the house for 130k 3 years ago. And they are purchasing on a 3 year contract with a purchase price of 145k. What was funny was The price was 150k but we needed some cash. So,I told them if they came up with 5k down the purchase price would be 145k. win win!
This is so much better than a tenant because they are going to make improvements to my property! Wooohooo!
What I have learned is location is very important in lease option strategy.

For those new people in marketing this property I had it on Craigs list for 2 days and put one sign out on a busy intersection about a 1/2 a mile away. they called on the sign! Signs and Craigs list work. Believe it!