Heather, maybe have one of your real estate attorney buddies draw up a lease that allows you to exercise the option whenever you like...point being to lock in the price and keep the terms flexible in your favor.

I'm still in beta and am redoing this exercise now as a retiree.A couple of techniques I used back then: Tony Robbins sold the cassette tapes Unlimited Power that helped me identify and prioritize my short, medium, and long term goals.

Tenant has been there 20 years and exercised a 5 year option. 

I've seen new incoming building inspectors revisit multi units just sold for nothing more than an exercise in justifying their existence.

I agree that until we know true numbers, it's just a math exercise, but I'm appreciative of all the great advice.

Hi Al BunchSub 2 is one idea.You could sandwich lease option and do an equity split.You give:option $10Lease below market rentBack End Exercise price $115K + 8KYou SLO to TBer:option 5% of appraisalLease at market rentBack end $132KSeller pays closing costs, TBer pays closing costs.

On a six unit building it is very unlikely that the tenants would exercise that option, but it can add time to the closing cycle.

About half of the time they would not exercise the lease option so I have held the local rental for years.I haven't purchased homes in Utah for over 10 years as there are better deals in other states like Ohio and Alabama, where I have been buying cash.  

I would just recommend to read it carefully and make sure you know your pro's and con's and exit strategies in the event the lender is able to exercise certain provisions within the agreement/note/contract.

I download that to my phone, put in headphones and go for either a walk or a jog for about half an hour.It's great because getting some exercise is good for both your body and mind.