The buy/hold is more complicated because the short term nature of a flip doesn't exist, and most LT are structured differently (as in equity deals, vs. debt deals.)

I'm a big fan of natural stone.If it's not your personal property and a rental, I would definitely leave it as-is (and not paint the woodwork either).Just my 2cents for what it's worth.

@Will Barnard - I hear you, in the fall I will be majoring in Real Estate, so that will help me when getting jobs in that nature.

Once you find someone who you have a good experience with, it's natural to continue buying from them regardless of the returns.

That's why I'd rather take my capital and invest in physical assets like gold, silver, copper, oil, natural gas, and real estate.

Naturally when I bought it, the people around me were telling me “It’s an investment Kerry.”

If you asked them about X property and that property sold for $450k, then they naturally will show you other homes in the 400-500 range.

Naturally, I can sue the PM, but that's something for later.

Wasting everyone's valuable timeWhile I agree that there is no point in making shame or embarrassment your goal or wasting anyone's time, but I think this advice might be helpful for someone who is not a natural negotiator and is always careful about not offending anyone's feelings.For example, if a new investor is negotiating a FSBO deal where the asking is $100k, but the seller will take $75k.

Haven't been called Billy for about 40 years, LOL.My last comment was to the legal standards of what an option is, by it's nature it is an agreement to sell at a certain price over a given term without any requirement of the optionee (buyer) to perform in any respect.