He will either decide to stay or go.Don't rock the boat with contingencies at this stage of game with seller. 

The home is in a very established nice residential neighborhood, on a corner lot, and directly across the street from an elementary school, 2 blocks from a high school, and 1 mile from a large university.  

Unfortunately I've met quite a few people that get stuck in the analysis paralysis stage, with not enough funds to buy cash or conventional and looking for the deal of a lifetime.

acquisition: $1.2M, 1,600 SF single family house development costs: $1.3M (inclusive of all construction, consultants, permitting, bank fees / interest, prop tax, insurance, utilties etc). sales costs : ~$250k (incurred upon sale only - broker fees, transfer tax, staging, closing costs)time / carry:acquired Jan 2015expected completion May 2017. finished product: 2 new construction luxury condo units, 2 floors each:Lower unit - 2,250sf - 3 bed, 2.5 bath - one car garage spot (side by side) - deeded entire backyard (approx 1,000sf)Upper unit - 2,250sf - 4 bed, 3.5 bath - one car garage spot (side by side) - two large decks (master bed and living room) plus deeded ~500sf roof deck with nice views spanning bernal hill to sutro.

It's at this stage where we perform a credit check, we discuss income and assets so we can determine your maximum loan amount.Step 2.

I live in Nyack right now and would love to meet up for coffee and chat with someone at the same stage. 

Hello All,I am on the stage where I am set to start investing in real state and kind of piecing together  a plan and set of goals.

You have done very well and are at the end stage where I'm heading.

@Kerry W. that shouldn't worry the owner too much should it - seeing as they just got a check for $35k (less the fiddly fees and expenses that they incurred for letting it get to that stage)?

The next stage of BP's "thinking" tends towards steering everyone into the direction of: property.Is buying property for its rental returns and appreciation NOT correct thinking?