To enhance the color, I also use bright DAYLIGHT CFLs (which have a slight blue tint) to mimmick natural sunlight.

Buy with a lease/option, fix it up, find a buyer, then exercise your option and resell right away.

My tenant buyer has exercised their option to purchase but the appraisal came in low.

First, let me throw out there that everything I've been saying has been a thought exercise -- I've never partnered on a long-term buy-and-hold and I'm not sure I ever would; I'd much prefer to borrow money at 10-12% than partner given that it's *generally* cheaper to do so for me.

In a "lease option", there is an option to purchase - that option can either be exercised or allowed to lapse; as a result, there is no obligation to make the purchase.

If I am looking to do a sandwich lease option and my tenant buyer is going to exercise the option using conventional bank funding, how is this closing done since I am not the homeowner on record?

This will enhance your after-tax ROI and keep more cash in your pocket. 5-year personal property includes window A/C, appliances, carpet/pad and any floating flooring (not glued), window treatments, awnings, etc.

But the real exercise is to anticipate taxation impacts.

One exercise will be this.

BAC issued a lot of debt (roughly $240B increase in 2009 over two years... that's $240,000,000,000) and these increases were attributable (per BAC SEC filings) to support growth in overall assets and enhance BAC's liquidity as well as finance the Merill Lynch acquisition.