Escalating prices or creating additional holding periods, roll-over, additional option prices can disqualify an option and cause issues, so ensure an attorney familiar in options and financing is there.Options on lots have going to 3 years is common too, required to break ground after it is exercised, be aware of Dodd Frank financing options to homeowners by builder/developers, you're in a different boat.

I mean, to not know what you should know and have no need to know being what you should know is all an exercise in mental gymnastics.  

I don't see any harm in having one, I tend to think it all falls under the "EXERCISE COMMON SENSE" rule, but these days common sense is very uncommon. 

We also developed office/retail condo projects, medical office, medical/dental clinic, general office, residential subdivision, and multi family.

Howdy, Being new I have a lot to learn but i want to walk through an exercise to analyze a deal that with my numbers do have a very good return but being human I'm sure i will make mistakes.Property - 2/1 single family house for 50k requiring about 5k in repairs (Definitely paint and there is no fridge and some of the floor is badly stained) that received a new roof in July 2014.

The job market is wonderful (a lot of tech, gaming, medical, education, etc.).

Then sell it on a lease option [about only 5% of the tenant/buyers ever actually exercise their option to purchase].  

Don't know which motorcycle I'm hauling with me, more preparation.Had two friends with medical issues, hospitalized, so I've been supporting them and I had the crud myself for a couple weeks, but better now.

You'll then be able to pay other subcontractors if you decide to exercise the option to hire someone else.Last- Check to see what work in your area actually requires a license to complete.  

The primary things keeping it alive are the dam, the medical community (one of the top athletic doctors in the nation works there) and a Google research facility.