Sole proprietorship (with enhance liability insurance) or LLC.If you and your spouse are running the business together, is this a partnership?

Because...Since it's a 3D model, you could also enhance it.

I heard so many people state the importance of this for so long that I eventually decided to give it a try and all I can say is I am continuously blown away by the results I receive from this simple exercise.  

So, it will be helpful if we treat the above just an intellectual exercise and have some ideas to share.Regards,Azeez

Great that you have this clause in the lease, now you can exercise it.

And finally an $85k sale price if they exercise the option.

Your whole goal in this exercise is to get the "first deal jitters" out.  

Go fishing, get in some exercise, but do not burn up all of your gas searching for dollars.

David:I remembered another acronym for you: ESA.A Phase1 environmental assessment is predominately a paper exercise that identifies any real or potential environmental contamination.

This was a definite exercise in patience.