Temec,
I think what he is asking about is when the builders sell their models up front, and rent them back from the owner until complex is sold. Helps their cash flow if they can find a victim.
In an up market, they don’t want to do this! They keep raising prices in new phases etc…so they can get more at the end..
In this market, you buy the model now, and they rent back from you until they sell out.
That is why they want 6 month options.
A friend of mine has a rental like this in Las Vegas.
The original lease was 1 year, I think that he is on year 3 now, but I don’t think the house is worth what he paid anymore. They haven’t sold out yet.
Sometimes you can get a great lot and the upgrades etc, but there is wear and tear of people walking through, possibly for several years.
I’m sure that they repair or clean up any mess, and the landscaping is in too.
