Looking forward to learning from everyone here and hoping to share my learning and pay it forward to this great community!

-Lease to buy @ $930,000 (currently appraised at $890,000)-2 year term with option to purchase at the end of term-Non refundable 3% option fee of $27,900 -Rent $4700/month If purchasing at end of term: Option fee applied to purchase and 10% of all combined monthly rentIf not purchasing: Option fee is non refundableSeller able to break contract anytime with 60 days notice if agrees to pay renter 2x amount of option fee.

I would have been responsible for paying this fine had I bought the property.

Take it or leave it, but it may save you some time with "tire kickers" reaching out to see all your info, just to come back with "I will pay your $5-10k" for your $100k investment.

They cost about $50 and have the applicant pay for it. 

Without that, you have to be able to not only pay your own expenses, but also your first rental plus your second rental mortgage (at least on paper) with your other sources of income (ie money from your W2 job).  

Thanks in advance.Entitlement risk is huge so some developers will be willing to pay a lot for shovel ready. 

When it comes to audit-sensitive areas like STR and REPS, I think the best bang for your buck is to pay someone to do it for you who has been doing it for years. 

.: You do not need to pay a coach to do this.

Sam Zell was one of the pioneers of the REIT (Real Estate Investment Trust) and a billionaire real estate investor.