Keep this in mind:  "The Uniform Commercial Code (UCC) is a collection of laws and regulations meant to harmonize the laws of sales and regulations across the U.S.

He was doing a lease option with the prior tenant at $112k and had it fall through after it was already in motion. 

I'm in Chicago and if they say the Chicago market grew by 8% in 2020, I assure you that is not a uniform number and real people experienced variable growth.If you're a long term investor and buying a deal makes sense, it makes sense.

Buy a property a year, and within 5-10 years the snowball is in motion.

I have been investing in both asset classes for 20 years and allocations have not been uniform over the years.

Asking an attorney in the subject area is prbably the best way to set your plans in motion.

They need to do a uniform coat, as the tone may change adding 2nd one over the 1st one.

I have spoken to a few professionals and they recommend waiting until closer to the end of the lease to put things into motion.

Any such work requires a very robust analysis that uniformly includes sensitivity assessment of RISK.

For anyone still reading this; remember the 80/10/10 rule. 10% of sales people shouldn't be there, 80% are doing the motions, and 10% of sales people are absolutely phenomenal.