Excess amounts paid are considered a down payment and that can always be refunded in any court.Ohio recognizes the uniform commercial code, as do all states, there is nothing unique about Ohio with respect to types of contracts and now, this year, the IRS makes the determination of an installment sale or purchase contract at which point other agencies can then follow suit with applicable laws to the type of contract you may have.Using the words "Option", "Optionee" and "Optionor" are not sufficient to define your intent to sell, that comes from the amount of money paid, the term of the agreement, the price agreed, and the likely intent of the buyer to execute the agreement.

I believe you'd only pay tax on the gain in excess of $250,000, $500,000 if you're married.

Even duplexes in B areas here are selling for 400k or higher.If I'm looking to rely on conventional bank loans, banks in Cayman consider any properties in excess of 2 units (triplex or higher) to be 'commercial' for the purposes of lending.

Right now I'm still developing/improving my projects, so excess cashflow goes towards optomizing my investments to highest and best use.  

The chance of natural disaster is something like .1%...so 99.9% of the time you just have excess funds...so sure, maybe pad in an extra 100k to ensure you have some room for these things (assuming insurance doesn't cover it all?).

This difference amounts to $1,833. per month for 19.5 years.Over time, not compounding the intake of capitol or the principle difference that I waspaid at closing; just this margin difference is in excess of $428,000.00.

I know there are pockets of excess in some areas and product types, but I don’t believe we’re in the end of this cycle.

So I would have to pretty much purchase for his asking price of 45k (or make a down payment in excess of 20k) so he can walk away with some money to fund the next business venture.

Several vacant units in the neighborhood.Night: fairly quiet overallAnother issue was that I was able to visit 1 of the 3 unit, it was poor maintained by the tenant. excessive trash & foul smellI am thinking about speaking with a local property manager for their opinion, I would love to hear everyone's thought here.

Then it is more general and falls in the category of  excessive religious, political, or other decorations or putting up recreational equipment when it is not their space.