There isn't a way for him to agree and not make a commitment, his sale would be subject to your agreement, he can still sell at or below your price if you have an option.

Does anyone have any input on this subject specific to my area?

It was simply to give an example of what is working for me on this particular subject and to be of some help.

Real estate is not very risky for me because I know what the risks are and how to mitigate them.To answer the question in your subject line, the best way to avoid risk isLearn everything you can and know what you are doing.

It is my understanding that if this is the only one you do for the year that you are not subject to the law.

Y subject came up between the Bri(y)an L's.

My thought is to say that rent will stay the same if they sign a year lease but it is subject to go up if they are month to month.

I think a great way to begin using BP is to read the Bigger Pockets Ultimate Beginner's Guide to Real Estate Investing as Josh and Brandon did a great job with it.And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "North Plainfield" or "duplex" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area.

I think a great way to begin using BP is to read the Bigger Pockets Ultimate Beginner's Guide to Real Estate Investing as Josh and Brandon did a great job with it.And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "Fort Meyers" or "Seattle" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area.

I think a great way to begin using BP is to read the Bigger Pockets Ultimate Beginner's Guide to Real Estate Investing as Josh and Brandon did a great job with it.And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "Fort Worth" or "Dallas" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area.