NJ's average "deal" Cap appears to be ~7%, which I came up with because I've analyzed a crazy number of properties in the a few areas that I focus on for MFHs.

This helps give the appearance of the picture window. 

And Bill, as a former regulator, appears GLEEFUL in reporting it.

The properties are old, and there doesn't appear to be a designated student housing area when you get into residential properties near the city/university.

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The lot is 17,502 square feet, and according to this zoning guide, if the lot is over 15,000 square feet, it appears that I can build more, as long as I adhere to the setbacks (page 15) http://www.orangecountyfl.net/Portals/0/resource%2..The back of the quadplex is 66 feet from the back of the lot, and the setback requirements are 30 feet for the zoning.

To confirm that's the case, just look at the type of investments that provide the greatest protection of principal -- FDIC-insured money-market accounts, savings accounts and short-term CDs........this is part of an article appearing on Yahoo.com that appears on money.cnn.com.

@Matt GeertsWe added the ability for the optionee to petition to annul the option (BTW: it's not automatic it would happen) because we were concerned about appearing predatory in the scenario such as you raised earlier (i.e. where the Tenant gets evicted).   

@Brandon Turner Hopefully one day I will be successful enough to appear on your podcast.  

Wait a couple of seconds and their name will appear, click on it.