Not really and real difference unless the L/P has a default provision with damages and that probably isn't done except in unique situations, and no, don't go there as some strategy, damages may be applicable in commercial transactions.Actually, neither one is best as each may be unique.An option doesn't tie up a property as it can be sold subject to that option.

I enjoy the format of the "famous 4" and "fire round...I find the interlude to topics and unique insights you are able to ask guests invaluable.

Get some sales training in this unique area.

In this case, the buyer and the seller got what they each needed in order for them to come to the closing table.

If you have your license and access to MLS, I suggest you attend the training they offer to members to get skilled in setting up searches that will help you be first at the table when a great deal comes along.

Usually you'll have a large table, a conference table and the buyer will be on one side, the seller on the other and the settlement agent at the end to pass documents to each and they will turn toward the party necessary to explain the documents.

If they plan on staying two more years, at some point you will absolutely have to raise the rents or you will be leaving way too much money on the table, and since REI is a business, you need to capture the profit available to you.Even if these tenants don't "like" the rent increase, keep in mind in order for them to find comparable housing in the same area, they will have to pay the market rent anyway - PLUS moving expenses, etc.

As a lender I was in a unique position to learn of distressed owners, people moving, failed properties, contracts falling through, people needing to sell, etc.

Everyone else wants to cash out, so owner financing really isn't on the table.

People dont care how old you are, when you throw the green down on the table for them, they know you are not kidding.