This takes a little more work, but it's the most fair and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

Squandering the time value of money.3. 

They leased out a lot of the property to the McConnell Foundation, and have tied up the crown jewel of the city in limbo with neither one doing anything to develop it, and have squandered what the City could be. 

The truth is, the money will be squandered, wasted, stolen, shuffled off to pet projects, and otherwise misused while the little man suffers.

What I have come to realize though, is that many of the skills I use to create value in large assets are squandered on small buildings.

Assuming you are comfortable with the numbers on the deal and have done due diligence -I agree it is best to strike while the iron is hot - with concern he goes a different direction and you squander the lead.

Hi Navya,  Graduating from CMU is not something to squander!

I saw a lot of people squander the investment that Pete and Jeff made in them. $15k is a lot of money, no doubt.

Personally, I would consider all of those people who squandered their money over the years while I toiled away at saving, and would not think that those people receiving taxpayer benefits would be "just" or “right” either when they needed long term care at the tax payer cost.Just another respectful consideration from someone who doesn’t really understand the LTC costs or Social Security benefits.

I don't have much experience in Real Estate beside working for property management of multimillion dollar homes and a property I used to live in and "manage" but squandered the opportunity because of lack mental preparation.