The additional $15,000. is to be placed in an escrow account by the Seller at close, from which I will draw as needed until expended for repairs and furnishings.

It took awhile for them to mature and realize that more time was wasted and effort expended trying to get out of things than just getting things done.

I never stopped to think what if I lost my earning potential to garnishments or lay-off which I did and could not finish the project or I misjudged the transaction as a gain not a loss which it was, in which case I may have lost my only $10K I had as extra or expendable money throwing me out of the business into bankruptcy which it did.

People in the 'spend what you have' category tend to increase their style of living (consumption) as their expendable income grows.

Rather than contend with the Charlotte zoning commission and expend a lot of money to plan a site, I encourage you to consider selling out-right as you suggested above.  

If the repairs are minor and there is little time expended, perhaps a courtesy 25% of the profit is in order (75% for you)?  

If I know I am almost fully rehabbed on projects, or looking to take a break, I will capitalize as much as possible to get some future tax deductions out of the expenses, whereas if I have a lot of projects going that are not full gut-jobs we will use more of that in the year it was expended. 

-Value or Appraisal ProcessAny building 4 units and less will be heavily appraised based on comps. 5+ structures weigh more heavily on the income approach (Value=NOI/Cap Rate) but also incorporate comps in the areaThe beautiful thing about all the questions you posed is that there are professionals in each one of those areas that can assist you further without having to expend all your time and energy trying to figure it all out on your own.

High oil price means more activity, means more people, means more expendable $, means more demand, means higher rents.

If Owner exercises this right to terminate this Agreement, Owner shall pay to Agent the sum of $300.00 as compensation for Agent’s efforts to lease the Property and shall pay the advertising and other costs actually expended by Agent in attempting to lease the Property.