Thats seems fair as either party can simply vary the option terms e.g. reduce or increase monthly lease.

The cash flow is 1) pays for upgrades/repairs 2) builds my emergency fund 3) makes it worth my time and energy to stay in this business.I have seen too many landlords throw in the tower because its not worth it.

This will be in the Cedar Rapids, Iowa area...Rockwell Collins, Cargill, General mills, TransAmerica, Quaker, Schneider Electric, Dupont, Alliant Energy, several great companies around the area for the size of the city.

that's what I'm hear for ;)5) Local knowledge of value & rehab expenses to reasonably accurately estimate upside to decide if deal was worth it, relative to condition, under tight deadline.6) Live & operate in Oakland, and prepared to negotiate w/ tenants and turn property around7) Affordable & reliable team in place8) Thorough landlording processes9) Time, energy, and expertise to make it a bang-up dealAs far as how long until the negative cash flow stops...?

The key it seems is to reduce vacancy.

A common newbie mistakes is to allocate way too much time & mental energy on entities & other distractions.

I am have been advising my clients to stay away from them.Family Dollar had gotten away from only one dollar items to sell and was mixing in high priced items which started reducing their profit margins.

The sellers (of estate) need to push this property fast and just reduced the price from $520,000 down to $405,000 and wont really budge as they have to pay a REVERSE mortgage off.

Put your heart, soul & energy into something and the outcome is always what it is meant to be.

They work so hard to not pay the rent and game the landlord that if they just put an ounce of that energy in their life into something good their whole world would change for the better.Insurance companies do not want to insure pit bulls or buildings with them for a reason.