They've done so before for investment purposes and wish to exercise it again.

If you send some other offer/addendum to the seller without exercising your contingency clause, and they deny or simply don't respond, you're still under contract, now with no right to cancel.

As you are running numbers, remember that it is an academic exercise unless you go “hot”, meaning you put the money on the table, at which point everything changes relative to your perspective.I think that you will find a CAP rate of at least 9% is required for a deal to begin to look attractive, and COC of 20-25%.

Sure its a few extra steps, but once you are moved in than it's not a hassle and is good exercise.

However, as an exercise, would someone be willing to play with the numbers a bit to a level that they WOULD recommend it?

Set yourself a regular schedule that is your work day, school classes, exercise and leisure time.

• High levels of unit features and amenities such as garages, in-unit washer/dryers, pools, spas, exercise gyms, the latest technology, etc • May have less cash flow than B or C properties but greater appreciation potential.

." - The Real Estate Guys A nice strategic by-product of the above exercise is that you might make some great new contacts in these markets & even uncover hidden deal flow.

HOLDER may shorten or eliminate any applicable time periods in this paragraph by waiving or declining in writing to exercise HOLDER’s right of first refusal.

Respectfully, with an explanation that it is in their best interests to cooperate if they want the option exercised and the house sold.And I hope you hear what Bill Gulley is saying, and aren't claiming that you are a final buyer with "partners" as opposed to a wholesaler selling an option.