The buyer can walk away with simply losing his option fee or he can choose to exercise the option.Options are like Ice Cream, there are at least 37 variations.

The below does not account for tax benefit's, depreciation and mortgage pay-down, that is a separate page coined "icing on the cake" and with aggregate returns.     

Low Income affordable housing - tend to be rougher on the units, they get a basic 1 tone paint, inexpensive flooring package, no disposal or ice maker or dishwasher - Deep Clean and Safety is my concern. 

Appreciation will just be the icing on the cake!

So whatever income is generated from renting it, is just icing on the cake.We like PPB because of its 7-day minimum (not to get mixed up with Point Pleasant Boro that has a 30-day min). 

*******By the way, you Texas people need to learn how to handle ice roads. 

Just a broken ice maker on the fridge probably would have cost more than this.

At some point the tenants ice maker line leaked and they never told us about it. 

So, if you didn't put salt out and a worker slipped on the ice.. 

If possible, I suggest house hacking to get started...buy a 2-4 unit with the new 5% down program plus add on a renovation to put icing on the cake!