I think the case you present might be more rare than the alternative.

A few alternatives options are: Opening up an line of credit, partnering with someone with extra cash, assigning contracts for a wholesale fee, and double closing wholesales

While these are valid choices, the problem with these types of loans is that they require an excellent personal credit score usually within 760 and above, as well as an established business with good cash flow every month.

@Mark LangdonConsider giving them a choice of items that will improve the value of the property.

Until then, it is way too cold to get in by choice.

I know you have it listed and all, but in case it does not sell for some reason, as in, for example, you dont get the sales price you want, or for instance, no buyers come fast enough, would you like to have some kind of alternative to listing it with this great agent you have chosen?"

My strategy is to buy and hold, for now.I know most folks believe in purchasing property locally, but I am trying the alternative - earning money from my full time job at the DC rate and spending it in markets where property is far cheaper, and expenses lower.

If I pay off the mortgage I have $600/m in profit and will pay $150 in income taxes however I will have $450 in my pocket.Between those two choices with income taxes being the deciding factor then it is better to pay off the mortgage to have a higher income and only slightly higher taxes.

If it were $55/month, you are effectively borrowing the other 16.5 percent of the of the deal for $660/yr. divide this by the amount down you don't have to come up with then and see what it is costing you (effectively its interest rate)So basically if you are intent on doing deal 2 in a couple years, that may make your choice for you so that you don't checkmate yourself right out of the gate.

Ethics is a choice, and if you are in business for being fair to all, you will do the right thing, e.g. extend the lease and extend the option to help the buyer buy it.Or you can have the ethics of a car salesman, ie caveat emptor, let the buyer beware.Your choice.