Best regards and here's to continued success!

However, Los Buzos, a resort/marina with full amenities, is less than a mile away, so continuing power to the farm won’t cost much time or money.

It would be a real shame to sell when it is and will continue to be such a valuable asset!

Interest and vacancy rates continue to remain low (for now) and the common perception seems to be that virtually anyone with some spare cash (or a self directed IRA) can fix, flip, reposition, rehab, swap, wholesale, lease to purchase, buy/hold, etc.

Cozy bought by Co-Starof course they say no change, but hopefully they’ll continue to improve.

Cozy bought by Co-Starof course they say no change, but hopefully they’ll continue to improve.

My goal is to buy the property via lease option purchase and then resell it with a lease option purchase and cashflow while waiting for the new buyer to qualify for a loan.My concern is that the monthly payment could eventually exceed my cashflow.My original thought was that I set a fixed monthly rent amount in my lease purchase agreement with the seller, and anything above that is his responsibility.But my concern with that is what if he doesn't continue to pay the mortgage?

My future father in law is most interested in ensuring his daughter's interests were I to do this as a business full time, and leave my day job, asking for 30% of the appreciation of the value of the business or 5% of the appreciation of the value of the business if I continue to be an investor in the business as a "secondary" job.

Before you continue down the modification path much further I'd get in touch with someone who specializes in garage conversions or ADUs and get an approximate price and timeline and run the numbers again, it seems like you may be underestimating the cost, time, and difficulty of a project like this.

If you open your own brokerage, you will be in charge of marketing, hiring new employees, getting a space, the list goes on.Make sure you understand what will go into it, and if you think you can continue your success while getting some agents under you to make your business thrive.