Guys - Someone had asked how to "Lease Option a Property and let the equity build without qualifying for a mortgage and coming up with a huge down payment".
I have a good explanation of it on a property site for UNIT 39.
We always have properties like this.
Basically - you pay what you'd pay for getting into an apartment anyway and a slight rental premium and get to enjoy the benefits of home ownership just by "buying the rights" to leverage the future appreciation - which is great when you buy in a down market, and obviously less advantageous when you buy in an up market.
Sorry I haven't been around - I just got this "digest" message.