The leases I had includes the option, no time limit, and no specific purchase price.So somewhere along the line, the tenant notifies you he will exercise his option to buy.As to why, plenty of reasons.

The reason I was wondering about FHA is because we won’t be able to fund a 20% downpayment for a conventional loan for a house on Long Island.

However I do not want to pay for another appraisal unless I am reasonably certain it will come out higher.

My partner and I are under contract to buy an apartment complex and it happens to be in an opportunity Zone we didn't even know it when we went under contract for the apartment complex and some nearby a couple of other complexes that we have and this one just happens to be in an opportunity Zone doesn't even appear to be a rhyme or reason as to why it's in an opportunity Zone. that being said it's not a redevelopment project and we're not going to be able to take advantage of the tax credit because there's no way that we can put a hundred percent additional Capital into this particular project but what it did is it got us thinking there might be another property nearby that does need that kind of redevelopment and so now we're actively seeking other properties in that same area that will help us build our existing portfolio and potentially get significant capital gains tax deductions at the same time.

Mother in laws are already watching you with scrutiny why give her more reason to peer into your life ?

This is reason #42 for only offering M2M leases.

I am interested in managing the property myself but that leads to its own hassle, but oddly the reason I want to go into landlording.

Hi all.First let me introduce myself.My name is Victor, I have been living in the Austin area for 10 years now, originally from Spain.I bought my first home in Austin in 2009, and sold it for a good profit in 2013, when I married, to buy another home with my wife.Ever since, I have been wanting to invest some money in real state, mostly to avoid just having cash seating in the bank, and build some equity for the time when we retire.At different times we have looked at different types of properties, but for one reason or another we would just stop looking for a while and then start over again.Just a few months we started looking again, I wanted to find some investment property that provided some positive cash flow, but after talking with some friends, realtor, mortgage broker... it seemed that it could be better to find another property to move to, and rent our current home out, since we got it at a good price in 2013 and should get a good rent.Now, while looking for that, I found a house I thought had good potential with some renovations, and long story short, we ended up in a contract to purchase it.

Howdy @Jennifer DavisToliverIt is possible, but, very difficult for the reason @Chris Mason indicated.

Would a purchase price of $145,000 be reasonable?