I thought i should just briefly repost the message that got deleted.

I went to meet with the sellers, who wanted to sell at "179k, 1150$ monthly rent plus 83$ utility". but at the meeting they said that the lawyer want them to charge me interest for that 179k for 2 years because it's a lease to own, so i let them bump up the price to 184k and forget about the interest. they also wanted 3 months deposit plus first month rent(according to their lawyer again) but i told them the max i can give is 2 month plus 1st month rent. and that's how we left it.

they were very eager to do the deal, but i think their lawyer is killing this. are most lawyers like that?

later they called me again said that the lawyer wanted to re-do the L/O contract that i gave them (MC's contract). in this i agree with doug, it is not acceptable.

if they call back later, (after they get the details about the L/O contract from their lawyer) should i go ahead with this deal? another comp is selling at 185k, the rent seems workable, i just don't like the deposit and of course their lawyer.

oh and i forgot, hi to Rehul in Mississauga who messaged me. (did i get ur name right?)

you can send me private msg or email me at zerggross@hotmail.com

Of course. They are called deal killers for a reason.
I agree with Doug. Unacceptable. You need to be the one calling the shots and in control of the deal, not their attorney.
Not at all. This deal has problems written all over it. There are less baggage laden deals to be had than this one.

I'm with MC, this one just isn't worth it. I would tell the seller plainly that their lawyer has no clue what he's talking about and you have better things to do than do battle with him. If they (the seller) really wants to solve their problem, then they need to trust YOU as the lease option specialist.

This deal isn't a good one even if everything went smoothly.
1. The price is too high for a SLO. Even a CA is pushing it.
2. IMHO any deposit on your part is unacceptable unless there's HUGE equity, which there isn't in this case.

I know it's painful to pass up a motivated seller, but you'll soon discover that just because a seller is motivated doesn't mean they have a deal worth doing.

Hi,
You got my name right except for 1 letter; it is Rahul
As I had mentioned in my previous post here, which got deleted, my NL lawyer (& she seemed to know her stuff; answered all the Qs right) didnt suggest any changes to MC's contracts; except for a couple of NL specific things.
Ofcourse, I havent got the contracts checked out in ON since I think they should be fine here. I may need to add/omit the ON specific things, if any.
- Rahul

thanks for the input.

I think a large part of this was my own mistake. I appeared nervous during the meeting, i should had made it clear what my position was, and not let them move the terms around.

confidence put people's faith in you and i needed them to look at me as an expert.

lesson learned, move on.

All part of the learning process, amigo. Don't stress out over it. As you said, lesson learned, move on. It only gets easier.