Phase I (Current)TI ImprovementsReserves $75,000 Phase II Exercise lease option $100,000 - $150,000 (20% down shared) Secure long term debt (Fannie /Freddy) Phase III Develop out initial property $250,000 Control of additional ARF-DD $500,000 - $1.5 MM (transactional)We are interested in understanding if you can provide some expertise in helping us identify the best fit structure’s to seek the financing:Starting the facility, opening the facility, scaling the model.I have of course pro forma and more detail, before barraging you I wanted you to respond with initial interest.We appreciate your time and consideration.BestFred & Rose / Casa De Fabiosa

What would you do if eminent domain was exercised on your property at today's artificially devalued pricing, funded by the money printing machine?

You see how the property performs over a few months and then if happy close it.If it turns out to be a massive mess and not what was presented then you can just not exercise the option.

I think the important exercise is to sit down and identify the accidental, logical, and theoretical aspects of your criteria.

Phase I (Current)TI ImprovementsReserves $75,000 Phase II Exercise lease option $100,000 - $150,000 (20% down shared) Secure long term debt (Fannie /Freddy) Phase III Develop out initial property $250,000 Control of additional ARF-DD $500,000 - $1.5 MM (transactional)We are interested in understanding if, you can provide some expertise in helping us identify the best fit structure’s to seek financing:Starting the facility, opening the facility, scaling the model.I googled your facility address and it looks like a lovely property.

Yet he's just an average investor - by his own admission - who exercises incredible patience, analytical thinking and chooses to be transparent with his actions.

If I exercise my Option, or if I assign my Option, the terms of the purchase are in the doc.

To clear up a few misperceptions in this thread:You can take possession as soon as you have your certificateMany tenants will sign a lease with a 30-day cancellation clause in exchange for below market rents or security deposit concessionsIf the property contains a residential structure, a redeeming party must pay you for the VALUE (not the cost, which is usually much less than value) of the repairsAlmost all lienholders must redeem before exercising their own rights to take the property such as foreclosureLocal government liens (weed abatement, demolition, sewer, etc.) do not have to redeem before foreclosing but they must reimburse you for taxes.

If they go off my budget, I walk away before my inspection period ends.As part of this exercise, I'll have a number of estimates that pretty much are the same regardless of the property so I expect my homework to be easier next time.Hope it helps and Happy Investing!

One of my favorite exercises from the book is to write down all your worries on a sheet of paper, then seal it in an envelope for 6 moths.