FIRST QUESTION- Closing Prorations: Not sure which one to chose (default is the first one)Line 120 - Real Estate taxes shall be prorated at closing based on  {The net general real estate taxes for the preceding year, or the current year if available} {Current assessment times current mill rate} {Sale price multiplied by the municipality area-wide percent of fair market value used by the assessor in the prior year, or current year if known, multiplied by current mill rate}I checked the default option which is the first one, but want to make sure it is the right choiceSECOND QUESTION- Property Condition Representations:  Very confused on this sectionLine 150-168 - Seller represents to Buyer that, as of the date Seller grants this Option, Seller has no notice or knowledge of any Defects other than those identified in Seller's disclosure report dated _______ and if applicable, Real Estate Condition Report dated ______, and, if applicable Vacant Land Disclosure Report dated _____, which was received by Buyer prior to Buyer signing this Option and which is/are made a part of this Option by reference (Complete dates or strike as applicable) and _____________________ (Insert conditions not already included in the disclosure or condition report(s)) CAUTION: If the Property includes 1-4 dwelling units, a Real Estate Condition Report containing the disclosures provided in Wis.

Buyer isn't going to pay more than fair market.

There are some outstanding pockets in Cambrian, especially in the 95124 zip code, that I believe are very fairly valued and have a great upside.  

Thus, I have a fair handle on the numbers aspect.

(Note: I personally do not think the membership voluntarily will give so much money to let this get off the ground)5) Any other options I haven't thought ofI have done a fair amount of research on possibilities and could use others' ideas behind what is realistic and who to turn to.Thanks so much!

I have been a landlord since 1982 and I have also flipped a fair numbers of homes over the years.A couple of years ago I discovered the "paper" side of the real estate investment world.

Hello BP,I am still fairly new to Real Estate Investing.  

After realizing the market is essentially gambling, I started looking to real estate as I love the idea of having my money in something physical and real. 

Without a fair amount of cash reserves you'll be taking a huge risk.

In giving a right of first refusal, the owner of real property promises that if he decides to sell, the holder of the right will receive the opportunity to match the actual offer that has been made to the owner by a third party or, alternatively, the owner must first offer it to the holder at a fair market value before he places it for sale.