Now you can look at this for the negatives which are apparent and obvious, or for the opportunity for acquisitions, it really depends on a persons timeline they are working with.I would caution against trying to jump into the MFH at this moment unless your equipped with minimum $2m purchasing power, especially early into portfolio building.

@Laura Moreno my fraternity has dedicated Chegg equipment for our brothers to use, haha. 

The conditional use permit has a one-time fee of $100, and the business license fee is $900, paid annually.North Las Vegas also requires a 660-foot separation requirement from other short-term rentals, and property owners must install noise monitoring equipment outside.

The sample motivated seller questionnaire (and explanation paragraphs) on this page will equip you to avoid this common newbie mistake.If you're new to wholesaling or creative real estate investing, you can save yourself a whole lot of mental and financial anguish by asking a series of two or three questions to help you decide whether to deal with a property seller or not.The information you gather from a well crafted motivated seller questionnaire can also help you determine whether the property in question is worth investigating further, regardless of what you find about the urgency of the seller's situation.The section below will take you through a shortened sample form and discuss each section in detail.Contact Information Full NameHome PhoneWork Phone (maybe fax also)AddressSpouse Name (if any)Email AddressProperty Address (For Sale)How did you find us?

In 1990 I went into fast food, after 30+ yrs owning 5 national brands, leasing leaves operators with used equipment. 

It's an identical situation to Austin prior to the tech boom.

My long term rentals   Are not equipped with A/C only heating and tenants pay for that.

They’re trained well and equipped with many delay tactics.

To get started, I’ve listened to a bunch of BP podcast episodes to figure out the rough outline of how to do this, have built a relationship with a loan officer, real estate attorney, and property manager, found a mentor who has been doing real estate for close to a decade now, and equipped with this team I am going to do 100 cold outreaches per day to RE agents and fsbo sellers directly using Zillow, Redfin, Trulia, etc. to find them for long enough that it would be unreasonable for me NOT to get a deal.

I wouldn't try to go against anything the L/O heavy hitters have given you in this thread, however I would ask just a bit of clarification on exactly what the potential sellers are asking for.If they indeed just want to cancel the agreement on whim then no they can't and if they want that kind of power they aren't equipped to rent their property under any circumstances.Now it sounds as if you are just assigning the lease option (as opposed to staying in a "sandwich" type deal) so if what they want is to be able to review the qualifications of the proposed tenant buyer as opposed to just letting you put any warm body in there (Not that I think you are doing that, but they have no way to know if that is what you would do) that is not unreasonable and in fact is good business on your part IMO.Again the question as to what they want was not totally evident to me.