I hope that with that packet of properties and a small amount of REO asset lists i have received already, will kind of help extend my time frame on this up hill battle of inquiring REO assets.

They also know that if things don't quite add up properly, we will either need to agree to a different price, extend the contract, or exit the contract.

I do not know Cali law so any discrepancy you need to consult a commercial attorney.Having said that commercial leases usually have years built into the agreement and provisions for extending the option periods.

The bedrooms will get new flooring and fresh paint.Other projects planned for this rehab:- Replace a window- Replace the front door (possibly the back door too)- Massive amounts of cleaning- Update smoke detectors and add carbon monoxide detectors, new locks, window treatmentsThe closing date per the contract was to be no later than March 31, 2015, however the title company is having issues getting the required information from the HOA, so we may need to extend out closing a couple days.

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.