Just a heads up - if you have strong relationships with church leadership and are getting into real estate, the YIGBY movement may be a great place for you to work in. 

The price of the option, paid for by the potential purchaser of the property, is agreed upon and set and is non-refundable.Some sellers MIGHT credit the cost of the option back to the buyer of the property upon closing, but any details of the option may NOT refer to any lease.Why? 

Hey so I just closed on a property in Polk County FL my mortgage is $1535 average rent in the area is $1500–1800 I have a freshly renovated house with 3b 2 ba 966 sqft I listed it on the higher side since it’s remodeled for $2100 I only had one person reach out to me and they were telling me the price is to high and I have not had any applicants I just paid for advertising on Zillow today and I posted the property yesterday I cover water and the property comes with washer and dryer hooks, loose pet policy and there is a laundry mat directly behind it.

A great up and coming area is by South Main where investors are refurbishing an old factory called the Barber Coleman building.If you need anything in this area please reach out.

Financing options up to 85% loan to value are available on 1-4 unit properties for an investment transaction.  

Our question is, from initial agreement through closing, what costs may we incur outside of management fee and interest that are part of the terms?

Labor costs of gone up.

While it’s not solely designed for remarketing, you can set up a remarketing campaign alongside your search keyword campaigns.

Are there any tax implications since it’s currently in an LLC and will be transferred to our personal name at close?

Build up enough that you can purchase the next house.If you move out of your current house, could you rent your room and create a cash-flowing property?