These 2 financial triggers help make contingencies fair for all parties in the transaction.While the due diligence period is non-refundable, except in the event a seller breaches the contract, the due diligence fee is typically credited to the buyer at closing.

If you are waiving late fees or putting a hold on evictions, put a deadline on it (e.g. we are waiving late fees and evictions for the month of April 2020).Your agreements don't have to be fancy or drawn up by an attorney as long as they are clear and signed by all parties.

The hardest part is just starting.

I do have a bad habit of saying less with more instead of more with less - sorry.Yes, the reason I won't allow pets is because of the tenant and how I don't trust them to a) take care of the pet and b) pay me for damages and c) not create damage that can not be undone feasibly by either party, landlord or tenant (cat pee)I also don't want the hassle of enforcement.

and do a form of  arbitrage.. so it takes both parties to commit to this..

The hard part is finding the deals. 

There is no reference to where this property is located, so I'll just make a couple general points that may help with the analysis.First, does the lease option agreement indicate that it is binding upon the parties' heirs, successors and assigns (or similar language)?  

So he probably would be pretty hard on us.so if we were building that house for you we would require you pay cash for all those upgrades.. or at LEAST give us 50k non refundable and released might take a risk on the rest as long as the upgrades were in line and the house could sell to another party.. there is an upward limit on price a house will sell for upgrades wont take it over that. 

So much fun and when done right, an opportunity becomes a blessing for one party and the legacy of another.

Definitely have third party management, for all properties.