I am hoping that the bubble extends past 3-4 years, but I am prepared in case it doesn't.

The option will be valid for 90 days unless extended by the agent in writing.

On April 12th, there was a death in my extended family that seemed to trigger a tailspin of activity... since then I have been in South Carolina, North Carolina, Chicago and Colorado.

They were super cool to let me extend closing a few times, saved me big time.

For larger "improvements" that were not on the {near term} plan for the property, we negotiate a rent increase and/or extended lease term {Naturally, it would have to be a tenant whom we would like to keep longer ;)}.

Our birding extends as far as our backyard.

It's very difficult to find someone who is willing to extended time and effort into someone else's life let alone their business.

Usually commercial operators have a couple of dollars to extend the times of decisions compared to most residential borrowers.

Since it balloons then, you will have to be able to somehow refinance this property before that point, or have an arrangement in place to extend the duration of the loan.

As I mentioned as always there is a significant "back story" that extends far beyond the scope of my relationship with this forum.