It's vital to learn housing metrics such as, average SFH sales price, average vacany rate, lease comparables for different properties/subdivisions.

I'm sure there's a lot of legalese behind a lot of the questions, but at the end of the day if a doctor can connect to robot in another hemisphere to conduct a vital surgery - there's no reason buying a property should involve this many moving pieces. 

We plan to upgrade over a few years.Roof$15,0004 layers of shingles!

.- interior millwork: often covered in 5 layers of cakey wall paint (not even trim paint), sometimes original and gorgious.

The Option Consideration is not credited towards the purchase...it's not any form of a Down Payment, and thus has no bearing on the loan from the bank when/if the person owning the Option Contract executes the Option and buys the property.3 - Up to you, but I have found that most layers I have encountered over the years, have no clue what a LO is and how to handle it.

Your asset position also plays a vital role in getting premiere financing and rate exceptions. 

In order to use them I'd have to supply the shingles and any extra plywood and (worse) drag all the old shingles (two layers) off to the dump. 

I realized that this type of deal carry an extra layer of stress since I was working with family and I want to make sure they got good value but at the end we had a great product, sold for more than originally expected and everyone was happy.

( RI has: Elderly Homeowner's Tax Credit Program) There are a couple layers of things to consider here. 

Adding layers, building a team, and getting boots on the ground is wonderful but good luck accomplishing that from another state.