If extending for a longer term I would simply write the longer term, particularly if you are adding different terms.

They extended one loan a couple times and even gave me some more money. 

We've had to keep extending closing for weeks because his communication is almost non-existent.

A place my extended family could come and visit me at and be comfortable sitting in the room.

It all comes down to Costs... but keep in mind that a full roof replacement, should give you a new Warranty on it, and extended lifetime and lower insurance costs too!

I'm new to RE too, but done my due diligence in reading on extend on the subject matter, and if I was the OP (still have not done my first deal), I would secure the deal, if its really such a great deal with 50k spread, in my mind I think he could get 15k wholesale deal to another investor and he does not have to do anything more than sell the contract, then after you have done a few of this and cash in your pocket, I would start with rehabs and rentals etc

Unfortunately my work is not scalable and does not allow me to extend such opportunities.

This post is for a friend who came to me seeking advice and I thought I could extend to this amazing community . 

Have you looked to purchase property with an existing ADU so someone else has suffered the initial negative equity and you purchase with buyer financing?

This means that to benefit from the separation between my personal assets and the company’s assets, I need to establish the LLC in New York State.However, I’ve found that the start-up costs and procedures for opening an LLC in New York State are significantly higher and more complex compared to other states (such as the requirement to advertise in several newspapers for an extended period).