By fixing the strike price, you have given the option holder an ceiling on the price of the property and made it a little easier for them to plan and save.When the holder exercises the option, it is just like purchasing any property - they have their 5-20% down payment; they've cleaned up their credit and have pre-qualified for the mortgage.  

The $900 covers cleaning cost and compensates us for the hassle and we get a tenant who will be in there and will be happy and will be able to pay.I suggest you get him out as quickly as possible to avoid non-payment (technically if he doesn't pay it will take a while to evict anyway and you'll spend a lot of money). 

But I am hopeful that you will reconsider the purchase price and really dig deep on the true costs of operation.  

Living there in that class is not easy but doable: if the neighbors clean your snow and cut your grass, you are part of the neighborhood already...please make sure to not disappoint them and give something back to the community...I would also recommend to read @Al Wiliamson, how to be a Leading Landlord, his series of threads here on BP about taking action and change a neighborhood.also beside your family discount, what does you dad and granpa told you about the neighborhood?

He's been working with investors and understands that many of us want to "go wide" before we "go deep" by paying those loans off.  

There was a couple dumpsters of clean wood and siding that was recycled and all of the concrete was definitely separated and recycled separately.

Nice clean building in a nice clean area.

Footings would be 5ft deep or so.

@Annie Thompson  Lastly ladies the industry has cleaned it self up.. not just because of TKR but the internet in general...

Then offer, if they have any other needs in their business, that you're really hungry to get involved and to learn the business, so if they needed help answering phones, cleaning toilets or whatever, that you'd love an opportunity to work with them and help out.7.