I have a 7 unit apartment complex that has a vacant 450 sq ft space between two existing units that I intend to convert into storage as a way to better serve tenants and force appreciation thru increased NOI.

Do I try to force a change to a new escrow company?

I had thought about adding an addendum to my standard purchase and sales agreement stating that if i cleared the lien the seller would be obligated to sell me the property for the agreed upon amount I just don't want to risk shelling out 5 - 15K clearing someone else's lien to only discover that I can't force them to continue with the original agreed upon contract.Any suggestions or anyone with experience clearing city / other liens on properties would be greatly appreciated.Jason

I am looking for a quad or tri-Plex That has opportunity for some forced appreciation.

Leave that for a financial runway and try to cash out refinance after our 1st year.Just trying to get all my options line up and don't want to have to force something on my family they don't want.

My perspective on this as a former HOA manager for a 104-unit complex in northern California is that the HOA needs to know because of the possible impact to adjoining units.

@Jenny Cuevas Most important, I recommend that you find an agent who is full time.If that person is experienced in working with investors, that's great too, but if you have a part-timer, you'll be forced to work around their schedule.

I'm very new to this but I've heard alot of forced appreciation but has anyone done this.

An ROFO simply states that if you choose to sell the property within the time frame that the ROFO is in force, you will offer it to them first.Here's an article that explains the difference: https://www.lexology.com/library/detail.aspx?

But it's not necessarily a bad thing, and there are a few things that are different now that are a calming force for me not to bail and run for the hills.