It seems you've got some experience in the past that will make it much easier to get the ball rolling in the business today.

Congrats on getting the ball moving . . . and definitely pay attention to the advice from J above.

I apply the option fee to the purchase price if they exercise the option but if they do not exercise the option that dollar amount stays in your pocket.

I feel like I already have a solid foundation, and being only 25 I think I can really make good things happen if I get the ball rolling.

Life threw the both of us a curve ball when his wife became very ill which sidelined him for the foreseeable future.

At the end of that exercise add up what you spent, divide it by 12 and you now know exactly how much monthly passive income (rents & interest) you need to create to achieve freedom in this very unfree world.

Hey @Lance Ball welcome to the site!

This gives you the buyer unrestricted right to exercise an option and back out of the deal if you need to.

I understand no one has crystal ball but just want to get some comments before making a decision.

You could use Zillow, or other sources, to look at sales within the last 30-60 days and find similar properties-- ie townhome, approximately same square footage, etc-- and what they sold for will give a ball park for you.Good luck.