Under no circumstances agree to any time extensions on rent.

HOA waited for every homeowners to send in their portion for the special assessment to replace the roof, therefore, the damage were extensive.

Build an extension (2 bedroom 1 bath) to my house and rent out?

I'd like to get some perspectives from both newer as well as seasoned investors on the pros and cons of each type of rental property.An example I'd like to give is a commercial deal that came across my desk - a NNN lease for a very well-known nationwide business for 10 years with two five year extensions (so approx. 20 year lease).

Myriad sad stories of hardship, life's unfairness and five move out date extensions later, it was nasty, high drama and unsafe.

Its in the loan covenants that you signed for.it is a unique requirement. most loans have a time limit and if you go over that extension fee's are due.although its not common for a lender to take it from the draw funds as that would jeopardize the project if it cant get finished.

The data appeared to be fairly extensive, but the purchase price seemed high.  

@Kevin MasonProvided in both formats, along with a very extensive documents library (purchase contracts, offer letters, sample leases, etc)

The 203k Can definitely work but there are added fees and some issues with the process depending on how extensive the repairs are. 

I looked into this extensively a while back .