Note that this is not 2% return on your investment because you are not investing $100,000 (you are only investing your down payment, which is hopefully very small).Thus:GR = DS + E + CGross rent must equal the sum of debt service, expenses, and desired cash flow.GR = DS + .5GR + CThis substitution is possible because E = .5 gross rents, as already defined above..5GR = DS + C.5GR = 1000 + 150GR = 2 * 1150 = 2300Now, all that said, this is largely a useless exercise.

Your ability to lease and later exercise the option could get wiped out.You might have a claim against the present owner but that is not so clear and might result is no financial gain.If you can not buy it is likely your option will become worthless if the foreclosure goes through.Is the option recorded?

As part of a block grant for community development, the developer worked a deal with the city to contribute $15K per unit towards the downpayment towards the conversion when a tenant chose to exercise.

He said; As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity.

Or exercise based on purchase price after finding retail tenant.Ohio permits self-help for commercial.

Do a 5 year lease with an option to buy at appraised FMV on exercise.

I like to exercise that "risk muscle" that Frank McKinney refers to all the time.

If your partners are driving you crazy, or if you're all crazy, exercise a little civility and be willing to call it over.If a good buy/sell arrangement was not included in your partnership agreement, make your own.

sounds like not a lot of time to work with.I would suggest checking the tax records and trying to find the current owner on the tax record or any heirs, to determine whether or not there might exist any rights of redemption that can be exercised to either halt the sale or utilize to purchase after the sale.

Alex, my Jack Russell will have to deal with walks on the sidewalk and getting exercise at the local park.