It could be legit, the seller may have tried to sell and let an option, with the right to seek other buyers, time passing you come in.

I'm seeking more knowledge and looking to network with other investors.

You would be seeking HML,private money,or an equity lender with loan,or a partner in the deal.Most of these investments are project based.Your 200k income could be here today and gone tomorrow.If you could provide more specific info it would help.

I'm seeking some advise on USA property investment.I am foreigner, (singaporean) and I just bought a multifamily apartment bldg with 6 units in Rochester NY, 100% tenanted with management in place.

Bill Gulley What do you mean by penalty?

I'd put that statute in my lease saying that you retain the right to seek indemnification for any loss or rents or damages under xyz statute.

Well that was an amature, you need the contract to survive to seek the damages provided for under the contract.

This is where you need to be careful because if you have money and you seek a mentor then this is when the vampires come out.

You are an inspiration to those who are seeking what you have accomplished!

I am particularly seeking advice on advantages or negative consequences if I 10+ this complex.