Many groups during Covid have switched to online only or a combination of online/in person events.

-Lease to buy @ $930,000 (currently appraised at $890,000)-2 year term with option to purchase at the end of term-Non refundable 3% option fee of $27,900 -Rent $4700/month If purchasing at end of term: Option fee applied to purchase and 10% of all combined monthly rentIf not purchasing: Option fee is non refundableSeller able to break contract anytime with 60 days notice if agrees to pay renter 2x amount of option fee.

I run numbers daily and rarely do I find something that will cash flow nicely.

Property was just a good combination of the "right place and right time."

@Tyler Prosser, When combining 121 and 1031 the reinvestment requirement for the 1031 is $500K less than the net sales price of the property. 

I'll take mine medium rare, please.

Very rare.  

@Noah Bacon I think the fact that they are combined could be a reason this is a less-popular forum.

If the balanced is refinanced into a conventional loan there would need to be enough value in the property to meet the lenders CLTV (combined loan to value) underwriting requirements. 

It's rare for one to stick around and continue the fight when the evidence is clearly on my side.