If he persists than say, you contracted these students to do it (which you should, and never be the person putting them up) and explain they got carried away.

What do you think is fair compensation to hold the contract open for another 4-6 weeks, given what it will cost you and the risk involved?

There's plenty of room there for you to make a spread but you don't want to risk not finding a buyer because you're priced too high.Hope that helps,Chris Pre

Plus I like the tangibility of something physical..I'm interested in learning how to structure deals (optimal legal entities, tax implications, risk mitigation), financing options, and have some familiarity with this on a high level (albeit in a corporate and and global context).

So I have been watching the interest rates as they have begun to rise and the notional value of risk free treasuries and ten year treasury bonds are approaching 3% .

If you are very committed to it and put in the work, research and are willing to deal with multiple high risk dynamics simultaneously, this can be very lucrative.

The lot is 21,000 ft.He has said he has another offer to owner-carry but doesn't like those terms and especially a 30 year carry at his current age,  and can I do better?

Trashing the unit is always a risk no matter the tenant or previous living situation.  

@Michael RamsayIn theory, this would work, I think you two biggest risks are. 1.

Why risk futher talk of an offer to make a round number...