Howdy, Being new I have a lot to learn but i want to walk through an exercise to analyze a deal that with my numbers do have a very good return but being human I'm sure i will make mistakes.Property - 2/1 single family house for 50k requiring about 5k in repairs (Definitely paint and there is no fridge and some of the floor is badly stained) that received a new roof in July 2014.

Then sell it on a lease option [about only 5% of the tenant/buyers ever actually exercise their option to purchase].  

You'll then be able to pay other subcontractors if you decide to exercise the option to hire someone else.Last- Check to see what work in your area actually requires a license to complete.  

Since it was a closed business I was only able to get  $6000 triple net lease. this lessee is a gasoline supplier and once he gets approval to install gas at location, will exercise his option to buy at appraised value.

The “optionprice” is decided upfront and put in the contract, which means should the tenant decide to exercise the option to buy, they have agreed to buy the property for a set price.

I cannot give the tenant buyer a rental credit or deduct any portion of the monthly payments from the sales price if they decide on their own to exercise their option to purchase?

Plus I could use some exercise - the new rehabbers diet plan ;)

Many times when you do one of those two "reality check" exercises, you will discover that the person making the claim.... well, is a little off. 

What he meant is that if you forego eating balanced and exercise and not go to the doc occasionally for check ups you will pay way more later in the form of heart attack, stroke, etc., etc.This guy still likes his beers and stays very active in his late 60's on the tennis circuit.

I'm interested in this exercise as well.