If you have a strong relationship with a bank (track record of successful investments) they get more flexible on stuff like this.All my commercial stuff is single tenant buildings, with similar leases (non national tenants) and I get financing at around 65% LTV (I don't own very many commercial buildings).You could also make the purchase contingent on the existing owner getting the tenant to sign a longer lease.

The good thing about this property is that it really is a lipstick project, I am doing an inspection to make sure there are no surprises with the big stuff.

I'm always amazed at how many people have made videos of different DIY projects (and lots of other stuff.)

Good stuff Jim.

Try to stay away from those that are selling stuff, and look for the ones with real information.

Hey @Brian Croston - I'm not real good with the lease option stuff, but personally I wouldn't do it with that short of time frame and that big of deposit.

Let me know if I can help you with any boots-on-the-ground type stuff.

The loan is basically being treated like an equity line at a rate of 7% annually.The subject property is on a well-traveled and densely populated area.

Don't sweat the small stuff.

At this point, I don't always trust that there isn't one there just because I can't see it.You can still refer the guy, you just can't really get paid for it.The agent can give you a token gift, say a $25 gift card that could just be considered a deductible business gift for them as well.Bigger thing is a) good karma from helping out the seller and b) building a relationship with the agent.Having an agent that will help you with stuff is a good thing to have.