@Vick Galu  are you talking about an initial purchase contract?

. - How do you typically initiate those requests?  

Do you have the tenants sign a fresh contract or do you mark out the key dates and have them initial those areas?

Anyway, I'm quite nervous as the building I bought needs much more work than I initially anticipated, though it's almost entirely cosmetic (the previous tenants did not take very good care of this place). 

My partner and I are looking to buy distressed properties in the Hampton Bays area, initially for fix and flip but ultimately fix and hold.  

We would like to redo the backyard and garage and add a considerable amount of value to the house.We are almost at the end of an initial 11 month rental, with a lease purchase agreement:Rent $3200Credit towards purchase price $2000Purchase Price 620kThe house has been listed for 650k for a month and has had a few showings but no offers.

I earned an option fee at the initiation of the transaction.

Our agreement is that we all own equal parts of the portfolio (because our initial investments were the same).

Things like an initial application fee, an annual fee, etc.~ How long does it typically take from the time you apply to the time when the LOC is approved and available for use?

I initially tried posting this in the Indiana Discussion forum, but it wouldn't allow it.I am, and have been, working on getting into REI, but have been dealing with a significantly bad case of Paralysis-by-Analysis.In an attempt to start treating, and eventually curing myself from, this horrible sickness, I have decided to get my foot in the door by working as a small scale property manager in the S.