I saw a post of someone locking in a LOI within 72 hours?

I’m actually looking at SFH while still keeping my ears to the ground for MF.

Buying would lock me into a 10 year huge burden and in this situation, it does not seem to be worth the risk/burden.What am I missing/leaving out?  

If you're filing the manuals, you could always get snack or sandwich sided zip locks and staple them to the manual/folder.

You can have digital locks to allow access to the units, books with directions to restaurants and attractions, full or partial kitchens so guests can prepare their own food, emergency contact numbers that can be someone else’s so you can be completely hands off if you wish.

Besides all that, In rural realestate markets I think we always need to keep an eye and an ear on the job markets/industry ect.

So I have adjusted the purchase price from $189,900 within the 4-year period of time to $175,000 x 1.03 = $180,250 if they exercise it within the first year, x 1.03 = $185,657 if they exercise the option between user 1 and 2, x 1.03 = $191,227 between years 2 and 3, and $196,964 if they exercise the option between year 3 and 4.The couple requested to do the step up method rather than locking the 4-year price in at $189,900.

And that doesn’t seem entirely healthy.Because of the super lean early months with the apartments and distractions from the slowly dying business, I’m feeling a bit land-locked financially.

The hardest part was really getting the contractors and locking those down.

@Scott Morongell Michael Blank is involved on a 276 unit deal that just got locked under contract recently