Commercial lenders don't usually offer 'pre approvals' but will provide sellers with a letter of intent.

@Marc Shin "when the cat's away, the mice will play"Appropriate saying in regards to remote rehabs.As soon as most contractors figure out they aren't being properly managed because you aren't able to go to the jobsite regularly:1) They will take a long time to get things done2) Quality will suffer3) Highly likely to over-charge4) Highly likely to "create" more work for themselves5) Greater chance of billing you for work not done and materials they use on other jobsCan be done if you know what you're doing & have resources to check on them.Many are posting to ask an agent for contractors, but a PMC is usually a better choice.

There are also some good options just outside the Lake Tahoe basin that can offer year round recreation and 20 minutes to ski areas.

I find that they actually offer more than some other programs at a fraction of the cost. 

So if we offered 5.5%, our company would receive 1% and the investor 4.5%?

IF you didnt lock - and rates  improve - I would expect the terms you are offered to be better .   

Hey BiggerPockets community,I’m looking for some advice on selling my investment property in Riverside, California, especially since I’m considering offering creative financing options.

For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.

It's really hard to beat the long-term wealth building opportunity that the Bay Area offers.  

Any advise or resources you would recommend for a beginner?