Another wrinkle in all of this (not your audible account) is that, depending on your size and potential taxable income, you may be able to expense some ordinarily "capital" projects as a one-time expense, rather than capitalize & depreciate it over many years.

I do not ordinarily refund security deposit money to the person moving out...the roomates must work that out among themselves.

Not that I would ordinarily complain about a 4% commish... but the principle of whiting it out and changing it really rubbed me the wrong way.

While I don't get the quick cash injection that I could make from selling at or a lesser price than the other dozen (12) homes in this small town, I could still make a sale and reduce my management need.I would ordinarily do this contract with a typical 3-5 year balloon, but in order to satisfy cash flow desires, ease of management duties, and to make home ownership achievable for this couple, I am considering these terms instead:Sale price of $55000.Interest @ 10% amortized at 10years.Payment Term 10 Years.Result: 120 payments of $727 = $87,219.  

Ordinarily that'd be an opportunity I'd be all over like bees to honey, but you know what; I don't know if I'd want the property unless he darn near pays me to take it from him.I'm exaggerating here of course, but my point is that just because there maybe easy financing terms doesn't mean the deal is going to be a good investment deal.

So I guess the answer to my question is.....it's such a great deal for the buyer of your deal that you are telling them "yes, there was a $7k option fee that I accepted, and no I'm not going to give that money to you even though ordinarily when a landlord sells another landlord a house with a renter he does hand over the security deposit and last months rent (unless I'm wrong about that).

Due Diligence: The legal definition: a measure of prudence, activity or assiduity, as is properly to be expected from, and ordinarily exercised by, a reasonable and prudent person under the particular circumstances.

Think about how that would effect the value of your asset and the return you are receiving if inflation were to take a sudden spike.Most of the analysis is common sense, real estate fundamentals, but I have seen ordinarily smart investors relax those principals locking in to what they think is a stable return only to find out the "no way that scenario could happen" actually happen.

There are quite a bit of subsections of neighborhoods that someone may not ordinarily be aware of.  

Were you close enough that he should have thought you one of the most important people in his  life and, naturally, would have ordinarily put you in his will?