We’re eager to reconfigure that area into multiple units to enhance income potential.What strategies can we implement to address this situation effectively?

As the lessee, I believe you can expense the roof replacement and then wait to exercise your option. 

We strategically improved the property with minimal investment, focusing on cleaning and minor updates to enhance its market appeal.

Enhancing the property can increase rental income and property value.Smaller Units: Consider investing in properties with smaller units, such as studios or one-bedroom apartments, which often have higher rental demand and lower per-unit costs.

When the option is exercised there are no real estate agent fees.

OP my wife and I went thru this exercise about 4 years ago.

We’re focused on building a strong network in San Antonio and its surrounding areas since our goal is to acquire two properties per year to enhance our portfolio.We’ll be in San Antonio next week or possibly the week after and would love to connect with local professionals—property managers, contractors, investors, lenders, and others.

By incorporating additional collateral to secure financing, investors can enhance their security, ensuring that the asset pool remains sufficient to stay within the desired CLTV range.

With no allergies to hold me back, I enjoy an active lifestyle, making exercise a daily habit.

Any other little exercises like this would be awesome!