I would like to avoid the unknown utility bill, especially in an area that typically necessitates either A/C or heat for much of the year.If I'm leaving out critical context, just ask.Thank you,Tom

If you set an abnormally high option fee, which necessitates the {potential} purchaser pay it in instalments, then you start treading into the grey area that the CRA may deem a disguised instalment sale.If you go back to the stock-option analogy, the option fee is a small percentage of the strike price (say <1 - 3%) and is a fee for the option right only - it is not refundable and does not constitute the downpayment on the property (when the option holder exercises, s/he will make a downpayment and arrange their own mortgage).

In some jurisdictions {such has our own local one}  purchaser is able to request vacant delivery of the property under a limited set of circumstances: purchaser, or immediate family member, will be occupying the premises as their primary residence;purchaser intends to undertake significant renovations - the nature of which necessitates the property be empty {there is usually a corresponding condition that theses renovations must commence within X weeks/months of possession}purchaser intends to demolish the property.I do not know if California has exceptions allowing purchasers to break an existing lease, but there are lots of folks here who do (@K.

@Vic French, I feel like everyone agreeing with you lacks reading comprehension.Your tenant is not operating a childcare business, she has her own job which is what necessitates the childcare.

My thought process was that a landlord wouldn't want a house that needed the electrical system re-done, which then made me view the property only as a "rehab for resale," which necessitated a bunch other stuff like kitchen, bathrooms, replacing old, but functional mechanical systems, etc.

That is, 30-day contracts will now take 45 days, and 60-day contracts will necessitate 75 days. closings might take no less than 60 days even when the transaction is all-cash.Changes at closing will be difficult or impossible to make without imposing another 3-day review period.

For this reason alone that 200,000 pre approval might need to be changed if you don't have the funds for both down payments not to mention the closing costs required to close both properties.As you continue down the list the numbers will also necessitate your pre approval amount being changed

My model would necessitate a price of $300k on your asset.

We couldn't make minor repairs to the porch without permitting that would've necessitated installing foundation beneath it, $10-15k. 

Delays, such as a tenant who decides to fight the lawsuit, may necessitate additional time.The 6 to 8 eight months was referring to special circumstances, like when you inherit tenants from a foreclosure or a bankruptcy.