My questions are, how difficult is it to argue that the upgrades made were “necessary” if they were to exercise their redemption right?

You only get it if the tenant defaults on the lease or chooses not to exercise an option to extend.In the apartments world we use a standard lease form (usually the state's apartments association's form).

An option agreement, including Mr Mai's forms, give the optionor a legitimate and marketable equitable interest in the property, and the right to sell the property subject to the a priori conditions of the option, which must be exercised and closed on, at or prior to the closing of the subsequent sale.

As far as the listing the realty company say they listed it on Rentals.com, rentalhouses.com, mynewplace.com, google base, oodle.com, vast.com, olx.com, and craigslist.com. thats a sample of there listing in my above post

This is standard practice and you can get a sample resolution from your title company and just modify it to suit your needs.

Hello all,Can someone please email me a sample promissory note they have used with their private money lender?

Thanks @Nathan Platter.I think I understand the motivation to simplify the process rather than getting stuck.My only question is, the metrics you provided are the sole metrics you are using or only a sample of them ?

If all I did was real estate day and night and ignored family, exercise, social aspects of life, etc.

The big issue is with tax liens is always:A tax deed may be redeemed by the owner, directly with the purchaser, within three years(state specific period of time) from the date of issuance of the tax deed, or indefinitely if the owner has maintained possession.Each state can be unique in this and by all means do not make modifications until the redemption period has lapsed, less you get a big thank you from the owner when they exercise their redemption rights.

Happy to work with you on modeling some properties if you have some you are looking at as I enjoy going thru that exercise