Just Want To Protect Myself...
I recently purchased a home with a conventional mortgage and had every intention of moving in and living there. However, due to changes in my circumstances, I have not moved in, nor have I made my first mortgage payment (not due yet).
I have come to the realization that I can't keep this house. 
I'd like to sell, but with no equity and no money, that's not an option for me. There is also a prepayment penalty on my loan for the first two years.
I've talked with several investors, who have offered to lease-option my home, it sounds like a good solution, but I'm a little skeptical because I just don't want to make a bad situation worse in some way.
I'm most afraid of what would happen if the lender found out and called the loan due. I've posed this question to the investors and all they can say is, "As long as they get paid on time, this usually doesn't happen or I've never seen it happen". I feel that's not enough protection for me because there's a first time for everthing. It COULD happen and then what? Any advice on how I can protect myself from this and any other risks associated with L/O would be greatly appreciated. I need to make a decision pretty quickly because the mortgage is coming due. 
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