With the increase in rates, i want to act fast.

The more properties you flip will continually increase your chances of running into a property with a title problem.

Tenants will ultimately pay for this as quality diminishes and price increases as the offer and demand spread is compressed.It's my personal opinion that this bill was simply a way to get votes. 

Take into consideration that the guarantor also likely pays to live somewhere and has their own bills to pay. 

Just a bilateral agreement that specifies:The giver of the option, or optionorThe receiver of the option, or optioneeThe purchase priceThe term (start date and end date) that the agreement will be in effectThe consideration (typically a dollar amount) paid by the optionee to secure the right to buyPLUS whatever else your attorney thinks is necessary.Make the document recordable by your county clerk, get it signed (and possibly notarized), and then have it recorded on public record.The intent is to ensure that if he tries to sell to anyone else, a title search will find this agreement and trigger a title defect.

I have conservatively valued and suggested a sale price of $160K-$165K based on increased values the past 3 years coupled with the challenging location and current condition.One of the neighboring businesses is interested and threw out the possibility of seller financing.

The refinance does not trigger an increase in assessed value.#5 Property is cash flowing much higher than my estimates, and in a B+/A- neighborhood (see below)So for the numbers, I am still refining our pricing strategy, but so far I am seeing ~$4,000 in gross revenue per month on the entire property. 

So the too big house method puts you in a good location, increases your choices of where to buy, and potentially has higher rental income and appreciation.

Just after, the book talks about improving the property so rent brings in more money per month/year, which increases Gross Rent Multiple. 

I hadn't thought of doing double stacked wall cabinets, but I wonder if for the increased cost of those extra cabinets and installation I couldn't just go with another slightly more expensive line that actually has the 36" tall cabinets as well as the extra deep cabinets for above the fridge and microwave.