They don't know what NOI consists of so they make up numbers. 

An option is also a well defined unilateral contract and terms used need to be consistent with options.Hybird options are not advisable, you may have a non-refundable option price until your contract is determined to be a purchase contract and not a true option, thereby reclassifying your option price to a down payment which can then be refundable.

Consistent rent 10 days late from a good tenant who cares about the property is better than rolling the dice on a new tenant...If you approach them politely and respectfully, you may be able to avoid the choice between 1 and 2 altogether. 

Especially if you would be consistent business and have potential for growth (both are very attractive to an ambitious GC).  

To be consistently successful you should expect to invest at least 2,000 hours in your learning/do to begin to get deals.

The main thing is to stay consistent in your marketing.

I've mailed to absentee and owner occupant, and my deals have come from both.Your frequency - You will get deals off of your first mailing, but I've read in a few places and heard on podcasts that more deals will come from consistent subsequent mailings to the same list. 

I think I am going to use this to study, it shows results immediately so once i am consistently getting 85% or above, i will go take the exam.

I must say MrLandlord.com's credit checking has made our decision process much more reliable and consistent.  

My entire RE portfolio consists of MH parks.