Works like a charm. 

Works like a charm!

I have a charming upstairs/downstairs apartment that was built in the 20's.

That's awesome and that's why we love RE.  

I have learned a great deal more since that time and I want to fast forward to the current and get into the lease option deal we put together several months ago.We have rented the property for the last 2 years @ $1,600 per month to 2 different tenants.The mortgage payment is $950 per month ($107k loan for 30 yrs).Each time trying to lease option on my terms but to no avail.As they say, third time is a charm and the prospect came calling.When they asked about the lease option, these are the terms I sent over to them and they were the following:Purchase price: $189,900, $1,500 per month lease payment, $50 per pet per month fee, $50 application fee each applicant, 5% non-refundable option fee, one month security deposit, and 20% of monthly rent going towards down payment credit when option to buy is exercised.We agreed on all the terms above with a purchase price of $182,900, $1,600 rent (2 pets) and 2 year option agreement.There was a buyer’s agent involved so I paid her a portion of the owed commission and the buyer paid the rest (buyers portion will be credited when option exercised).I was not going to pay all of commission up front not knowing if buyer will or will not take option.You can do the rest of the math to figure out what the net profit will be once the option is exercised.

I just happen to absolutely love RE.

They are usually disarmed quite quickly by my natural charm and wit!

hahahaJust submit super "low ball" offers and have thick skin for their responses.I remember sellers laughing and verbally abusing me for my low ball offers only to call me a few months later to ask if my offer was still on the table.Gotta love real estate hahaThanks

Even if it's just the trim, those "charming details" add tons of time to the job.

I would only buy washer/dryer from CL, bought for myself and my rental until, $400 total for 4 and all work like a charm for 2 years so far.