. $29M / 12 months / 4 units = $604 monthly cash flow / rentable unit.I recognize this is a somewhat futile exercise as you're comparing apples to oranges, but:If you are looking to hold this property long term and you look at it on a strictly cash flow basis...

HOpe this helps you.ALSO please do not fall for all the scammers on BP who hit you with 5 % rates and quick approvals and just need you to send them 500.00 to get started any up front money from anyone who hits you on line or is advertising is 99% of the time pump and dump due diligence schemes.. and or those that promise to align you with the 2,000 private investors in their data base.. also pipe dreams.I think one exercise you could do is to check out these three companies.Lendinghome in SF  they have a great matrix on line and you can see how cheap a guy like me can borrow and how expensive it will be for a new comer.Lendingone in FLA is legit and local Lima also legit.Cogo from what I see makes deals but its arguous process  I only know this because some of my vendors used them for take out and it took forever.. and it was quite expensive. 

Hello Fellow Rochester Investors,I am exercising the idea of wholesaling in Rochester, NY and surrounding suburbs.  

You run the risk of having any due on sale clause exercised, but that is a relatively small risk, historically.

@Tim SimmonsThe sample QCD text with the names changed looks like mom made a trust for the kids and their spouses, seemingly daughters but could siblings from different fathers and thus different last names.  

ref=teach_headerThere is a guy in the park around my way that charges people $25 each and shows them how to exercise. 

If you choose not to exercise your option, then just let the option expire.  

There are many examples/samples of contracts online.

As an exercise, I made a quickie spreadsheet to run numbers on new build, renovation, or 2nd units a year or two ago. 

-Our business model-Sample scope of work-Taking the next stepsYou could create a very similar packet to establish credibility among sellers.