@Michael Anspach that is what we are using as a defense as well as "continued performance" and "contract implied in fact" since we went through the whole process necessary to close besides the official closing. 

And I apologize if I seemed defensive, I was a bit confused about the post regarding misleading info on a thread meant to review our product lol But you're correct, you can't know the future, and I don't think any investor should jump into something because one person is doing well six months in - or even three years in.

On the demand front, it is tied to Aerospace and defense jobs, which a poppin' in East Palmdale at the moment ...

Ive run a couple handfuls of homes through the various calculators to get a feel, but there's no substitute for experience.  1) the city center edge, homes on the way from the airport and close to all the action (conferences, games, religious venues, etc)   These are the closest, about 35 minutes from me and not far from where I am at work regularly.  

Going to classes, conferences etc...?

Also there's a community college, and a private college within walking distance (graduations, sporting events, and another ministry school that draws people to conferences from around the world)The past few years we've leased the house out for $3400 per month plus they do all maintenance (we live in southern California and house is in Redding, CA)I was thinking for a group vacation rental our property might work.

Your defense of the applicant is justified by the property "scaring off great tenants", and they have good credit.  

As such, your lender is you first line of defense - if it's not good enough for them, it shouldn't be good enough for you. having said this, more than likely there is nobody in your family who knows enough to evaluate a real estate deal properly, and as such you become the smartest guy in the room - dangerous as all hell!

He can point you in the right direction as he did with me a week or two ago on a phone conference.  

The granting of an option or the agreement to give an option, if any consideration is paid may well grant an equitable interest.IMO, it's a waste of time and simply a ploy in an attempt to do someting that tries to build some defense in your actions and intentions in granting any equitable interest to say you're not.