I would guess you are in the $75 per sf range. 

Interest rates range from 9-12% in CA and come with 2-4 origination points.

I've managed the design and construction of commercial projects ranging from $40-750M.

You can find a single family property on the east side in that price range, but it's getting tougher. 97213 and the surrounding zip codes should put you near a bus route to downtown and in that range. 

@James Johnson, our FARM for flipping has houses than range from 50-100+ years old. 

Excess amounts paid are considered a down payment and that can always be refunded in any court.Ohio recognizes the uniform commercial code, as do all states, there is nothing unique about Ohio with respect to types of contracts and now, this year, the IRS makes the determination of an installment sale or purchase contract at which point other agencies can then follow suit with applicable laws to the type of contract you may have.Using the words "Option", "Optionee" and "Optionor" are not sufficient to define your intent to sell, that comes from the amount of money paid, the term of the agreement, the price agreed, and the likely intent of the buyer to execute the agreement.

Looking at properties that are in the price range of $150,000 and renovations to cost $50,000.  

Thanks for the input.I'll looking at buying a unique property (no comps) that the seller purchased in 2003 and hasn't done any updating or major maintenance.

On the other hand, parlaying my existing equity into a portfolio of 3-5 cashflowing properties in the $100K range (with 20-25% down) in other parts of the country -- places like Memphis, KC, Charlotte, etc -- is attractive because if I get in with the right Turn Key companies I could use my cashflow to continue to acquire additional properties over time and leave the details to the professionals.Are there other strategies I should consider? 

Kris Freeberg if your investors are in the 1-20 unit range I have been using truerent.com$10 a month and I am happy with them.