Ultimately she wants to be able to continue cash flow while she's alive and provide a lump sum for her college granddaughter which a portion would go to the sell.I appreciate your point of view.

Wells Fargo would probably do it, but we didn't like the terms.I'm interested to see how this scenario will play out with the variety of lenders Kevin provides. 

My background is in trading, so I naturally have to think about worst case scenarios and how a "crowded trade" could play out.

If they don't exercise their option, the lease continues as normal until the end of the 24 month term.3.

Always keep in mind that you need to avoid paying retail for properties unless you see a value-add play that others aren't.   

In most cases, tenants will disappear when they receive the Pay or Quit Notice and realize you're not going to play games.

Hi AllWould like to share this with fellow BP members.This is a property I just purchased, this will be a buy and hold and look at perhaps flipping next year in spring time.https://www.realtor.com/realestateandhomes-detail/...This was purchased for $61,000, with a rental estimate of between $1000-1100.End values for a nice rehabbed home in this location will fetch around $150,000Location is Bagley in Detroit, it is an up and coming neighbourhood with high demand, I expect prices to continue to rise. 

I have some medical conditions that will keep me from continuing that job long term as it is physically demanding. 

Hubby and I will continue to work for now since both of us work in a medical field and hopefully wants to retire soon with passive income.

You'll read some commentaries that the market is starting to swing back toward a more "balanced" market vs. being very much in favor of sellers, but values are continuing to rise, albeit maybe more slowly than in the past.