These properties are typically occupied by white collar workers and have amenities such as garages, in-unit washer/dryers, pools, spas, exercise gyms, the latest technology, etc.

If the lender calls the loan or the seller for whatever reason refuses to allow you to exercise the option then you will be unable to sell if your tenant/buyer wants to exercise their option.

I am mainly looking at this as a tire kicking exercise to get some experience trying to evaluate these types of projects.

But we can send Obama over there and he can apologize for the FREE SPEECH exercised by US Citizens.

You also need to consider whether making this building into a 3 plex would enhance or take away from the existing units.

The court had this to say:"It is for this reason that real estate brokers and agents must refrain from inserting in a real estate purchase offer or counteroffer any provision which requires the exercise of legal expertise.

It's difficult to read the situation because rates are in uncharted territory so it is interesting to see the PE & Hedge funds chasing yields.If rates pop up, congress talks about reinstating mark to market, or any number of things occur things will become interesting again.I am in the camp that we are in a "oddly tight" market right now with all signs of bubble "cant lose" mentality - that being said it could go either way depending on Govt policies and bank/gse behavior.I think Tom Juhn that if it does not feel right, exercise extreme caution.

Find a buyer for the property and exercise your option and close.

Here are the stats:I have total into the house $55kCurrent value is around $70-75kI owe about $20kMy PITI is $425/moCurrent rent paid $895/moI would obviously be making money off the sell but I am also giving up a stream of revenue if I can't find something else to buy should the option be exercised.

Army and when we went to Fort Irwin for a 30 day military exercise - individuals usually gained about 10 pounds.