Houses in our area still sell fast and limited inventory and future growth is anticipated to continue marching higher. 

I anticipate property prices will settle down.

@Dave Foster does 1031’s Every day and can Likely help you if you provide  -Date and purchase price-what dates it was your primary residence-what’s dates it was used as a rental property-anticipated sale price and date This is the case.

Many times the consideration for the option is related to the amount of appreciation that is anticipated during the option period.But definitely create two documents. 

(biggerpockets.com), yielded more advice than I had anticipated.

And here's why:Key Takeaways:1) The market is following the original year-over-year appreciation trendline from 2014 upwards, indicating sustained growth and stability.2) Supply issues in Reno's housing market are once again in focus, emphasizing the need for strategic solutions to address housing shortages.3) Exciting developments, like Tesla's massive expansion to manufacture electric semi-trucks in Northern Nevada, will further strain housing availability, signaling continued demand.4) With increased home prices, we anticipate a ripple effect on rental markets in both single-family and multifamily sectors, driving up rents due to housing unaffordability.For California investors in San Francisco, Oakland, San Jose, Sacramento the proximity of Reno and stability of investments are attractive. 

I’m a new investor with 1 door and was recently cautioned about purchasing multi-family properties because investors are dumping them, especially 5+ doors, in anticipation of a Market correction. 

Lets not forget the anticipation!

Things cost way more than anticipated!

When I find a park I literally have to make a formal financial presentation to her showing all my research, park's financial history, cash flows and anticipated proforma (and that had better be accurate and conservative or everyone in the room catches hell- including the dogs).