They have 80 yrs left during their option period, yet they have the right to terminate after this year and every subsequent five years.

Hello, I just bought a house w/ a mortgage of 30 yrs. + 4.5% interest rate, 3% down.

Former Navy (6 yrs). 

. $200K, 30 Yrs, 4.75% Interest rate.

Besides that despite being an "old" city so much of ABQ was built post 1950's that there is less value to unlock through rehab as opposed to a town where the average age is 90-100 yrs old.

I know the worst case scenario is that in 2.5 yrs they don't renew and I'm left with an empty apartment building that I need to lease up.

I've been working with relatives for years, worked with my old man for 22 yrs and pretty much the same with another cousin here in NY with our woodworking/construction business so I completely understand what you mean and where you are coming from but we've never experienced any issues in all those years even if we've had disagreements. 

But I have some potential hang ups - Building is OLD, 1900s-1920s ish, agent/landlord has ownded for past 10 yrs and has done minimal upkeep.

I have RE expertise with over a decade of experience but I can't seem to get off the bench. Also, I have startup capital. I work full time for an opportunistic PE firm and I'm drained by the time I get home. I feel li...

I have a potential agreement to purchase a sf property she has had under a lease option agreement for 8 yrs.