I'm pretty much a newbie at this, and so just playing around with numbers as an exercise.

There are multiple failure points in this exercise. 

Like always; the only way you really find out is to exercise the market and get at least 3 bids.

I think I will exercise the option of getting my license and use it in my own investing business & become the 3rd realtor on my team. 

More time to spend on BP, exercising, talking to my wife, or anything!!  

You can build deal analysis up and post your results on here as exercises and let the forum critique.

Also forgot to add, as an exercise on the 1 or 2 day, they "teach" you how to raise our credit limit for "investing purposes".

Problem is when you go to exercise the option in a few years, it's likely that you would end up having to pay it off for him to gain title.

Wondering if I should terminate their month to month and stand firm on my offer of $625/mo and them paying the water bill or if I should exercise some compassion and take a little less to avoid a vacancy.

But then again, Michael Quarles claims to get houses at $0.65 on the dollar exercising his Wholetail business model.After getting serious with real estate investing this year, I'm now ready to create my 5-yr plan.