For the exclusive right or option to buy at a certain price for a certain amount of time,  consideration or a fee must be paid called option consideration. 

Hi @Bryan VincentI used granite called Fantasy BrownFor Flooring I used Laminate from Lowe's

@Jessica Tomlinson like with a lot of things, the exact same concept can be found in commercial but it's called something different.

My husband says he trusts me and supports me (knowing that I am the financially savvy one in the family), but he is a quite pessimistic given that he is a police officer and only sees the worst in people (think tenants pouring cement down the toilet, taking the water heater with them when they leave, or landlord/tenant eviction calls).

About 6 months ago, our tenants complained about gaps in the floor and we called the foundation comoany to check it out.

In some areas the potential sellers are getting 20-30 letters every month and they will tell you this over the phone when they call you.

I form partnerships normally in order to buy Brooklyn, NYC properties and I had bought several properties in NYC during the 2010 to 2017 period.Again, I want to state that this is my PERSONAL results so I don't want you to think this is the overall results in a vast area called the NYC MSA.

They're only asking 117k but so far the banks I have called won't finance me because its 2 separate buildings.

He told us he knows the law and we are liable, but i have asked around and even called the arborist, and everyone answers are the same like you guys said.

I would call your local planning and zoning office and ask about this to make sure the property is properly zoned and fits the initial criteria for multifamily.