You may have an option to purchase a property, you can have the option to renew a lease or the option to mineral rights, plant trees and retain the fruits grown or to obtain any other lawful use of a property.An Option on real estate must comply with the Statute of Frauds, be a written agreement, it must be signed by the grantor/optionor and it must contain all of the requirements of a contract to be enforceable.The parties to the contract must be named, the legal description of the subject property must be given and the contract must meet the legal requirements fo a valid contract.

Now that makes a lot of sense to go ahead with the deal.

If this is a temp fix and you are still going to need to replace the roof soon, why not go ahead and save the $4k and have the roof replaced.From your post it looks like this is a 4-plex building.

Being able to perform complex math formulas won't mean you'll understand accounting, that's pretty much basic math.

What formula would you use to calculate your offer?

She was renting it to family (Lesson learned) for the past 4 years, once they were gone we decided to go ahead and update it prior to selling, new bathrooms, carpet, paint, refinish cabinets, the works.

You should take a look at your Assessor's website to see what formula they use for determining values.

Josh,I went ahead and followed BP ... here's a screenshot of my dashboard after I clicked "follow" BP

@Jean Bolger absolutely don't pay someone who won't do the work to your satisfaction when you have told them ahead of time.

Thanks ahead of time for any input I really appreciate the time!