Understand your skills and be prepared to hire out what you aren't good at!

If you want, happy to share the list of questions I prepared.

Personally, I never use an option period because I'm prepared to close the deal if I don't assign my contract and I have built in protections in my contracts.  

Brian....in my short while of preparing to do REI by doing small multifamily apartment developments.

However, as Rick mentioned, raising the rent that much will most definitely mean losing your tenant so you would have to be prepared for that expense. 

Title insurance policies are prepared and sent to the new lender and to you.

I understand that in order to refinance, the season period is 1 year so am trying to be proactive and preparing myself.

That if she's gone by xxx your prepared to offer her full deposit back if the house is left broom clean, and give her another $$$ toward relocation costs on the last day.

I have met Pharmacy techs that have spent $30K at local "technical institutes" on preparation to take an exam.  

pick your date market crash' at some point in the future, and presume the rate is 7% at that time....And let's say for arguments sake, that I'm prepared to trade my home in for a million dollar home today, with that lovely 4% rate........In the future, my buying power is reduced by that substantial raise in rate, so much so, that in order to buy that same home it would have to depreciate by 200k PLUS whatever appreciation that home receives prior to the 'pick your date market crash.'