I reassign the lease option to my tenant buyer at and get $35k option consideration from my tenant buyer, that is my fee... 1) how can I reassign it if i want to sell it to him at $600k because he will not have the rest until closing which is 3 years later... 2) If i reassign it...

Small investors should do what they always do - make sure the numbers add up and pull the trigger.  

We discovered that the property needs considerable rehabbing.  

The term for the $30k from your t/b is "option consideration."  

Hi @Mai Vo,I was curious if you have pulled the trigger on a turnkey property.

(We also don't want to climb skinny ladders and scoot around low height lofts on our knees so my designs take that into consideration).

As with Yasmine, I am worried about making a costly mistake and lose a bunch of money that I can't afford to lose....I am one of those over analyzers, afraid to take action.....I need to get over those fears and pull the trigger on a deal.  

I definitely value your opinion and will take everything into consideration.

I would love to connect with Saint John investors to hear your experiences and advice on investing in the Saint John Market.There looks to be a considerable number of affordable multi family homes on the MLS. 

The defense of the 2% rule is that it is a rule of thumb which allows you to reject a property that doesn't measure up based on the numbers.When you're looking at a fix and flip, the rent is not a prime consideration, many times the property is vacant and often uninhabitable.