I have a commercial tenant that is locked in until July 2018 , however I’m not sure they will renew or I’ll want them to renew .

My issue is pulling the trigger on the properties in the city.

I was ok with the numbers at the advertised $1,395/month expected rent, but they locked it down for $1,495!

Secure some funds, and then you can lock up a property and won't have a need to lie to anyone.

 @Michael Manos my preference is for a smart lock (SEE THIS EXAMPLE).BENEFITS:1.

The pro for buying now would be the ability to lock my rate and not worry about rates increasing between now and closing, and of course the lower price.   

I was planning to install the thermostat in the hallway and locked it.

Here are my numbers:St Louis budget Repairs:Roof. 8,000Upstairs Kitchens. 2500 x 4 = 10,000(Cabinets 900)(Appliances 1100)(Counters fixtures 500)Bath 1000 x 4 = 4000(Toilet, vanity mirror faucet 500)(Shower pan, valve 500)Floors. 6000Drywall, Trim 4000Doors, locks, 1000Paint. 4000Lights. 1000Misc. 2000Total upstairs. 32,000Downstairs Baths. 4000Floors. 7000Drywall paint. 6000Windows, glass. 2000Accents, wood, etc. 2000Lights. 1000Misc. 2000Labor. 3000Total downstairs. 27,000Unexpected 10,000$77,000Purchase: $104,000Total investment: $181,000ARV: $220,000YearlyTaxes. 4000Insurance. 4000Property management 6000Vacancies 4000Maintenance 4000Mortgage. 10000Total expenses = $32,000Revenue 12 x 4000 = $48000Income = $18,000 per yearI feel there may be some more costs to come once I get into things but that’s ok.

Are you gonna drive to the house every night to make sure the non english speaking drywall crew locked it? 

And most of them want to lock into yearly contract.