What prevents your end buyer from waiting out your option period and going direct to your seller? 

Make sure Seller on the purchase agreement is IRA.2.

The seller says they are flexible on the price since they are avoiding RE fees.

Hi Daniel, Market Demand for Workspace Rentals: The core of your business model revolves around workspace rentals for creative professionals.

Fully aware that we would be at the mercy of the appraisal but trying to think of ways to be competitive to a seller when multiple offers are expected.

Technically, the loan is in the seller's name and us as buyer are simply making payments with no personal guarantee?

While I'm just beginning my journey in this industry, I'm passionate about real estate investing and eager to learn from experienced professionals.My goal is to build strong relationships with both buyers and sellers, ensuring smooth transactions and mutually beneficial deals.

Start talking to sellers.

Time is money, it's the ultimate money.Imagine missing a hot sellers market because you insisted on doing it yourself.

Ask to see a copy of the lease and look for the length of lease, current rent amount, tenant obligations like paying for utilities and adhering to house rules and look for Landlord obligations like things the landlord may currently being paying for (like trash and water)Make sure to have an assignment of the lease and clear language on the security deposit WITH interest shall be transferred to the new owner at settlement.Consider tenant quality - what’s their payment history looked like, obtain rent receipts or bank statements from the seller to review on-time payment history.