And I simply can’t imagine you would stay consistently booked at those very high nightly rates.You have a very nice home, but there are plenty of homes that are similar to yours that are nearby to yours that are charging $500-$1000 per weekend in March, April, May, September, October, November.

You buy a duplex and then find yourself having to move, you simply get up and go.  

To make a lot of money as a PM, I think you've got to make compromises that I'm simply not willing to make. 

You can do the refinance in your name and pay off the line of credit with the cash proceeds after the funds come to your bank.I would simply do that but my lender said the refinance would be off the purchase price and not the new value after all the value add.  

As a start up building firm, a business plan with a worst case, best case, most likely case financial scenario played out for a seven year term into the future- will probably reward you with more specific dollar amounts that you could potentially earn, then simply picking large dollar amounts and asking how do I get to these figures from this small borrowed amount I have.

Lexington simply can't grow outward like most all other cities.

If the house value goes down, the buyer could opt to not purchase for the agreed-on price and the seller would have to sell for lower than he would have gotten by simply selling rather than optioning.

Therefor I don't want to hear anyone argue  they simply don't have those relationships as an excuse. 

I think he'll probably be better served simply taking $360K in boot (to offset taxes as well). 

@Mimi Wright the inspector is the "Hand of God" so it depends heavily on what they said and directed to be done.