Affirmations are a powerful tool if you want to get past the fear of being told to F off, as is practice.

I was hoping for some advice from more experienced investors on best practices to use!

Would the transfer of property be considered at the end of 5 years when the option is exercised?

He is very knowledgeable with real estate practices. 

In practice, I ensure permits are pulled for HVAC, gas work, major electrical and structural changes.

I'm house hacking a duplex and practically living rent free.

I know in theory seller can sell at any time prior to the auction, but practically, is there a point in time when it becomes "too late" and they'd rather go to auction? 

I don’t know if this is common practice, but I separate each property I gave in it’s own checking account 

I've read interest needs to be paid, but it's along the same rates as banks pay in a regular checking or savings acct, which is practically nothing, and not a large enough sum to make a dent in your pocket.

Immediately after reading the book, I discovered Bigger Pockets and have now decided that real estate investment is the most practical and realistic vehicle for me to achieve financial independence.