If you go that route it could give you the cash flow history that most lenders will require and allow you to get a conventional loan in the future when you refi or exercise your option.

So lets do some brain exercise...If I keep $5k and put the other $5k away (hypothetical numbers)...

You can exercise limited control over the outcome and/or equip yourself with some information that steers your investment.

Time frame is 3 yearsExit Strategy 4:Do an equity partnership, close the business, exercise the additional 7,350 airspace rights and rehab the building into a high luxury condominium, then lease the space to a 4 star or 5 star restaurant, after rehab is complete.

Sell him an option for $40K with a six month or a year exercise time.

Make sure you incorporate exercise.

It motivates the assignee to exercise the option sooner than later.

Just the Experience and Education that you will gain by that exercise is INVALUABLE!

There are pros and cons to them just like anything else but you can get cash flow for a few years and then get your lump sum when they exercise the option, which seems to be want you want.

Well I would be buying(and reselling) the entire place if I decide to exercise the option.