This will be a good exercise for me to gain familiarity to running CMAs and analyze deals…..and I’m a total dork for this stuff. 

This way you have tied up the property and have control over it, but do not have to purchase it/close on the purchase until you are ready at which time he would exercise the option to buy and then proceed to close on the purchase.

You make your money when you buy...you realize your profit when you exercise your exit strategy down the road.If you do anything now, rationalizing on future events you have no control over, that will recover your loss (overpay) at purchase, you lose.  

It may get you absolutely nowhere (I'm sure the Austin market is flooded with mailers), but I think it's a good exercise to do some of your own marketing and go "on the hunt."  

As An exercise I tried to to some due diligence and Title research on Property Radar From where I live in Denver.

Hi, yas, i can do a sampling exercise, just wondering if this had been done before so i dont need to reinvent the wheel.

If you want to lose weight, eat less and exercise more; if you want to buy properties, make relationships, analyze deals, and take risks.

That window of time would also allow me to "get my feet wet" and learn whether I even like this kind of investing.To compare the ROI of investing gains from the sale now vs. after 2 years, I'll have to crunch some numbers... an exercise that's left to this reader :) If I can get connected with a property management group that I like a lot and the numbers look at least a little favorable, I might give this whole thing a try.

My team would take over the management and put money into the property knowing I would lose this if I don't exercise my option.

I know it may be a futile exercise in logic, but a necessary one as history that is misunderstood often repeats itself upon those who are silent in such matters.And it may be soon necessary to throw off the reins of those laws not based on the rights given the government by our constitution.