It was during our first deal that I realized a term sheet is not set in stone.

., here's what to know:Legal Framework: Commercial lease options are governed primarily by contract law and the terms agreed upon between the landlord (lessor) and tenant (lessee).

It's essential to assess whether current prices align with your budget and long-term goals.

Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price. 

Background information is that my wife and I have a high w2 income and also started an llc to mange a short term rental that we own.

It became a social hub for BBQs and gatherings.In terms of resale, a well-designed patio can definitely add appeal for potential buyers or investors looking at multi-family properties.

As a matter of fact, if you research the term “AB-968” in Google, you’ll see a sea of blog posts by law firms.

I know that is not a long term solution, but at least look at the math.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

The city's diverse economy, favorable tax environment, and high quality of life attract a steady stream of new residents, ensuring robust rental income and long-term growth potential.