The option is where things can get complicated, please excuse the length of this post.

I would probably use those forms unless I thought the situation was complicated by something.If your lending attorney is familiar with RE lending and works in the space he would have those documents off the shelf to be edited for your situation.On the borrowing end, I've always just pointed the seller to the state website and we used them with the blanks filled in as seemed appropriate.

Relationship complicates the matter.

The 3rd unit that needs rehabbing really complicates things. 

Those businesses could also then share the Holdings Co content on their sites.Definitely complicates things and needs to be done with care to avoid shooting yourself in the foot but it can be done.

It's clear that my situation is a tad more complicated than I was hoping.

The stucco on house is old and in bad shape so probably needs to be removed or vinyl side over it.Question: If I decide to an an offer how much should I budget for repairing this and how complicated and expensive will this repair be.

I did 6.8%/0.72 = 9.44% (not sure this is correct)I know when investing in RE it can be complicated bc you have cash flow, appreciation (hopefully), and tax benefits.

What are the complications being listed here?  

The US Tax system is complicated so please consult with an expert.