Hi marquis, So sorry to hear about your situation. I was just in the middle of posting a very similar question myself! I am not "new" to this game, having been wholesaling in Florida for the past 18 months, however lease options are the new direction in which I would like to take my business, so I am keen to find out more about the legals. I am a practicing lawyer/attorney in New Zealand (where I am located) so for me the legal side of things is slightly easier to understand and more interesting. From my wholesaling business I know that as long as you hold an equitable interest in the property in Florida, you are not considered to be brokering without a licence (a very general statement). Therefore, our wholesaling contracts (which we assign to the buyers), are perfectly legal because we get an equitable interest at the time we sign the sale and purchase agreement with the seller. Lease options are slightly different. We are also working in the Texas market with these - in Texas, lease options for longer than 6 months are considered "executory" contracts, and are subject to a whole different set of rules. I'm interested to find out if a similar situation applies in Florida? I'm looking specifically at lease option assignments. Through my research I've come across a lot of debate about using a single "Lease Option" contract vs. two separate "Lease" and "Option" contracts in Florida. I have been gearing my strategy around the second option, as there is then a clear demarcation between the two. Primarily we (and then our assignees) are leasing the property. Then, in 12 to 24 months, a decision is made about whether the property is purchased under the Option. Would be interested to hear any further comments anyone may have on this subject. Michelle