Greg Fend, the lease approach mentioned by Wendell De Guzman sounds similar to my dad's approach.In lieu of locking in a nominal % upfront (usually 2-5%) for the option, you increase the rent.

Nominal deed transfer amounts ...

Most rehabbers that i know don't pull permits for anything other then serious structural work that changes square footage (room additions, expansions) and other new beneficial additions that need to be reflected on the title or public records (new HVAC with ductwork, changes of gas water heater to electric, etc).Hire a good good licensed contractor to give you an unofficial honest opinion for a nominal fee, make notes of everything he says, then hire an official inspector, see what he finds and also point out the things contractor mentioned to discus further.

My plan is to asses the current value of the property which will be a nominal amount and lower its valuation in the IRA.

Also, no cost would be silly... you need some nominal fee per call, maybe $30... why?

You might want to have your accountant or bookkeeper review your books on occasion and send you a nominal bill, which should be paid by your plan.Jeff

Sell recordings of the previous speakers on CD for a nominal amount.

Inspection fee should be nominal (to cover cost) and hefty fines for repeat offenders.

I always run the numbers assuming some nominal vacancy rate plus only 10 months a year of rent.

John,Currently there are no min. loan requirements and the max. is currently set at 1 million (although underwriting will review larger loan requests on a case by case basis).