@Sam ShuehI usually don't address statements I dont agree with and just let them go but Sam I need to say as a fellow Real Estate Agent from SOCAL that your Short Term analysis is way off. 

We are talking about starting up a Meet-Up, but still working out details.

You can use your Market rents and Cap Rate in the second analysis.I could ask a bunch more questions but I will not.Also, please tag people when you post comments or ask questions in response to their post.You can PM me if you need more detailed information.

Feel free to reach out with some basic details on the properties. 

I have a few thoughts but if you could give me more details like, are you the owner of the mortgaged property and have done a lease option?

Withoutknowing the details I can not suggest which would be right to add on.Several you shouldpay attention to are:- Ordinance & Law: Provides additional building coverage to deal with rebuilding costIncreases due to changes in Zoning or Building laws- Personal Injury Liability: Libel, defimation of character, wrongful imprisionment, etc.

Let me start by saying I have not visited the property yet, I'll be doing that in the next week or so.Here are the property details.  

@Bob Green Great details.

@Nurzhan Abenov congrats and thanks for the details on your flip!

The standard offer and purchase contract does not address your 2nd option so you would need your own contract or an addendum which you would have to pay an attorney for.