There were no rent credits to be given.Basically my question is - Is it a fair settlement to offer him a 50%refund of his option fee?

In any event, even if he does call his preferred investors, then that would call for a multiple offer situation and that way everyone has a fair crack at it.

We have a fairly stable economy and good job growth here so I don't think we will see the bottom fall out like I expect in many areas.And as Mike stated, I also think pre-construction right now is VERY RISKY.

@Antonio Bodley If you are talking about a sandwich LO, where you are making payments to the seller, and the tenant is making payments to you, then you would need to pay the owner something for option consideration, but that can be as small as $10 or so.It sounds like LO's are fairly new to you, so I would not recommend a SLO for your first time out of the gate.Just focus on a LO Assignment, where you are assigning yoru contract.

I think a good way would be to have an in house makeready crew for minor repairs, painting, lawn maintenance, cleaning and pay them whatever is fair market for your area and you charge more for their services.

(actually, you do the exchange but still give the investors their money back).But fair warning: they're not cheap.

(continues describing different types of harassment)Mail is a legal form of communication.

Aside from that fair housing laws don't let you impose different limits of occupancy.

Do market research and obtain a home inspection.This is how you can ensure that the home purchase price is fair before signing a contract.

The duplex is on a hill with a fairly steep grade driveway., but it is in Toledo, OH which is swampland.