I think you've done a great job so far, and being open about what goals are important to you and your wife can help you pick your next steps that improve your quality of life, not add to the stress!

NOI from new lots filled would be mine.Not sure how to deal with any capital improvements, was thinking clause to get reimbursed.At end of option, some portion of lease payments to be applied to down payment.

Those with a variable mortgage (e.g. 5 year, 7 year etc) chances you are in the middle of a recession when the interest hike kicks in.

Hi Paisley,Nice to meet you.We are looking for multiple family buildings that have some room for improvement.

A few examples:Example 1:  A $150k BRRRR (My $100k, his $50k) - then I put in another $25k for CAPEX/Improvements, putting my share at about 71% to his 29%. 

There’s always a chance the lease option won’t work out.

If there is an active bankruptcy case pending, I would say there is a good chance that the Tax Claim Bureau did not do what it was supposed to do when it comes to notices. 

Plus she'll make the neighbors enjoy living there and tenant retention will be great along with possibly improved rental prices.

Commercial lending is going to probably require 25% down and be higher interest, say 6% and we'll go with a 20 year amort, because there is little chance you get a 30 on this.

I could be wrong, but less chance of deferred maintenance issues due to gradual water leaks in bathrooms in upstairs townhome style.I agree that 5 caps aren’t the best area, but if it’s a 5 cap and two units aren’t rented, that provides some immediate increase to income with a relatively low capital outlay.