It wasn't anywhere near the magic ratio of 1.5 rents/purchase price but with a slight bump in rents and if they accepted a lower offer, we might get the ratio pretty close to 1.25 which I was ecstatic about in this market.

If you're not from around these parts - a starter home in Santa Cruz is bumping $900K.I'd like to discuss location, building a remote team, and the like.Any interest?

As it stands these properties will get a huge bump in basis if your Grandfather owns when he dies. 

Invest for 7 years and it bumps to 15%.- Hold for 10 years and No gain recognized and no tax when electing Basis = FMV based.Let look at an example and do some basic math.Meet Bob-Bob sold Real Property on September 15, 2018.

ok, so I'm not sure I totally follow... is the extension a tenant option or the rent just bumps up in 4 years?

The reality is that without clarity and a plan, you are just bumping around in the dark which may explain your frustration. 

@Bryan QuinnId bump It up to 900 as soon as you legally can ..

bump up your estimate,  just from the pictures id say 35-40k , and thats not on the safe side 

Bumping this thread in the hope that I can get some advice. 

One smaller note, Cook County just reassessed taxes and it's a pretty big bump (at least on my properties before I go to appeal).