Good point also on paying the difference between the contract price and appraised value, it happens with more upscale and unusual or unique properties.

Both of ya beat me to it....LOLQuasim, that really looks to me like nothing more than an ad, and the don't contact the tenants call us thing, while common, is something I ignore......tenants never know why I'm around when I look for my dog and ask to use the phone.....anyway....if I ever have to deal with them I can always say it was an unusual find.....What are you doing, rehab/flips, holding, options...what?

Bill .. the house needs updating & and apperantly the water is holding fine.Ned.. we're not talking about a million dollar type of area and IMO indoor pool up in that particular area is unusual but hey what do I know about indoor pool??

Residential will kick up first, perhaps in the spring as it seems it has already strated in many areas.As to surveys, I saw one where the question was asked if the economy would get better under BO or Romney, BO got 46% and Romney got 42% which is pretty much along party lines leaving that 12%, +/- uncertain, seems there is not going to really be much difference between the two in the short term, couple more years, if any.

But even for an owner occupant, that is not really a better deal that they could simply buy off the MLS, without all of the unusual and frankly risky complications involved in the deal you describe.

I agree with @Frank Gallinelli, that pro formas should also be used for evaluating the consequences of a future unusual event.

That was in 2017 so I don't have the tax 1099 yet to see if it was classed in any unusual manner.  

My city doesn't plow the side streets - not unusual in Colorado.

Sounds like a ton of work, for an unlikely outcome, for an uncertain payday, two years from now.

Even with history rhyming (rather than repeating), no one really has any idea how long this unusually slow expansion will last.