These penalties can be very hefty and make it not make sense unless you wait so many years into the primary lease to pay off.I don't know if you are using a specific NNN attorney for your needs or a general practice attorney.

Prudent lending practices, not just secondary market guidelines, require lease-options with rent credits allowed to be viewed in light of fair market rents being assessed and only amounts paid in excess of fair market rents be credited for financing purposes.While you can agree to rents of $500 per month and credit say $200 toward the purchase, lenders won't accept the credit unless the fair market rents is assessed at $300 a month or less.So, what you have with agreements drafted in such a manner are two parties who agree to a credit thinking that $200 is being credited, say for 24 months allowing $4,800 toward the purchase price of say a $50,000 house.

On mine, there are only two of us and it doesn't meet county requirements due to culverts, being on the side of a hill there is no water issue so we will keep it private so we can have target practice....

I plan on converting it into a spreadsheet for practical use, so I'll share that when it's done.

Practically indestructible, looks great, lasts forever and only costs about $3.50/square foot installed.

. :) 7. and lastly... knowing the numbers, the market, the area, and the numbers - practical and on paper.

Hello Justin,Just my opinion from my days as a practicing lawyer you do not really need an LLC.

My education also includes many hours of finance practice and law.Over the years, I have constantly continued my education by attending seminars, reading books, and listening to hundreds of hours of audio tapes.

I would call around to some other PMs in your area and see if that is standard practice in your area.

I am personally negative on Manhattan longterm, as I think many aspects that made NY the center of US cultural mindset being competed/globalized away due to Internet.