Cash flow is crucial, especially if you depend on it for your monthly income.Selling the property for $170k, which is above its market value of $120k, might seem like a good deal initially.

It can be a daunting task when you are trying to run a business and I finally honored that I am spent!  

If you building 2 , again depending on your lot size and projected finishes. 

depending on how backed up the county is it can e take a few months for court date. in essex county it took my mother in law about 8 months or so for the full process. she had an attorney, not sure if that sped anything up

It's not easy, but all successful agents operate like a business with daily tasks to attract leads and follow through on those leads.

Also depends on if you yourself are a real estate professional.

It depends on the amount of money that the tenant buyer wants to put towards the option as to which type of lease option I do.

That is often a matter of opinion and will depend on the attitude of your municipality.Most municipalities do not require neighborhood approval, but will offer the public opportunities to provide input which will be considered.

The same money could buy 1-2 full properties that would rent for more, depending on the market you choose. 

All of this really depends on your goals and timeline though too.