Upon closing, the former homeowner (now beneficiary of the trust and no longer in default) executes a “triple-net” lease agreement7 between himself and the trust.

Many times on both sides.Yes, the board needs to bless the transaction, or larger ones may give specific authority to a committee or even one executive director, depends on the scope of business and the the significance of the transaction to the organization.With smaller organizations, like local affiliate off Habitat for Humanity, you find citizen members who may not have a real estate background but one or two who do and the board will generally be in a go along mode relying one such key members.

Apartments are rented (consider youself lucky to find a tenant) for only 100USD/month for a two bedroom 80sqm apartment when the purchase price is well over 50K USD.But in demanding areas like Shenzhen, Guangzhou, Beijing and Shanghai.Rents are going for 10000USD/month for a shanghai Villa, normally rented to fortune 500 executives but the Villa is marketed for 6-7million USD minimum.And obviously the net ROI is considered very ****** and landlord don't care because they consider the property as a rare resource and focusing on the capital gain more than ROI.There is no property tax at the moment here but the management fee and rental tax is approx. 5-10% of the rental value depends on compound location.

If buyer decides to execute buyer's option to terminate this Agreement, buyer must give notice of same prior to the completion of the due diligence period.

We are certainly open to higher price points-but again-my vision was limited by the ability to raise capital to execute ANY deal. 

If it's an executive home that's a bigger money maker, maybe.I'm sure a pool, just like a garbage disposal or dishwasher, can be an added hassle.

Was the lease option executed while listed?

This can be good for renting 54. executive properties for short-term transferees, too. 55.

You have to be pretty sophisticated to successfully execute new construction.

Guess it would depend on how well you trained your staff too.Personalities will be very important.I'm in a recreational area, (Branson Missouri) which is rather seasonal, that doesn't mean you won't need management and maintenance through out the year, so a strict commission based compensation might be hard to do.