That is NON-taxable until the option is either exercised or expires. 

Purchase price if lease with option, market rent, 12 month term with extensions, exercise price, etc.

I think it's a good exercise that some farther down the road have not done in awhile.High value markets are very tough.

Let them know you intend to sell it for a profit (add a clause stating such in the contract) and that during the contract period before closing you will be exercising your right to advertise the proerty.

Generally, to establish that one person has acted for another in an normal agency relationship, there must be an agreement between two persons and one must exercise some control over the other.” the case is Xarin Real Estate v.

On a $2 million purchase, that’s $100,000 to $200,000, significantly less than if you purchased it with a loan.If the deal goes bad, you don’t have to exercise the option, so your downside risk is limited to your option money, time, and improvement costs. 4.

Exercise a little flexibility if the situation warrants.

It's a fun exercise to divide the replacement cost by your estimate of the items useful life to calc out how much you should theoretically have in your reserve fund each year.I'm a long ways from theoretical, but at least I know how far off I am.Best to you.

On the first Tuesday of each month, each county is allowed to hold a tax auction where you can purchase properties on the court house steps (not all of the 254 counties exercise their State given right). 

I currently exercise a buy and hold strategy, but have decided to do a couple of flips in between rentals to generate extra working capital.