Get a low enough rent so you can make a decent spread and if prices go up you can exercise your option in a few years.

I work full time in the medical device industry and found a way into real estate a year ago in an acquisitions position helping investors find properties, which I was doing with the little time I have at night.

Hey Jim,Currently looking more for retail/strip centers but also open to medical (although I’d have to do more research).

Besides pushing the builder to complete as fast as possible (which is already desperately underway), are there any other options to exercise with the lender, or advice on how to squeeze another month extension with the original rate?

I usually give 2% assistance if exercised within yr 1, 1% year 2.  

Hi Aaron,You look like a strong guy.Maybe buy a lot that's wooded over and log it out with a chainsaw and a log splitter and sell the firewood to grocery stores, 7-11's, wood stove dealers, etc..When your done have the stumps ground down and you have a cleared lot.If you have the customers lined up, it could be (might be) good cash flow and good outdoor exercise and at the end of the business, the real kicker a cleared lot.

I know it's a completely backwards exercise but still wanted to do it to see what the numbers look like.

He’s a contractor that has medical payments and issues.

The 9 relates to violations of recorded restriction, encroachments and excroachments (generally you need a survey for that coverage) and forced removal of an improvement encroaching into an easement excepted in the policy and damage resulting from the exercise of mineral rights.ALTA Endorsement 9-06 (Restrictions, Encroachments, Minerals - Loan Policy) Revised 04-02-12 Technical Correction (08-01-16; 12-01-18) (virtualunderwriter.com)ALTA Endorsement 8.1 (Environmental Protection Lien) (virtualunderwriter.com)

About 3 months ago I told them they were in a lease violation since someone was smoking medical marijuana.