However, I also want first right to buy the property at any time I choose for 30k (the money they own me) even if the value of the property has gone up a lot.

@Soul Luciani - I'd recommend reaching out to Barbara Kami at Ellwood Commercial in Piedmont ... she's one of the first people I turn to anytime I come across a commercial need in the East Bay.Good luck!

Hi @Nick Seginowich - I sold a house for a client a couple years ago where the neighbor had a dog that would go nuts anytime a person was in the yard. 

This will save you time and essentially, holding costs. (4) I'm not sure if you've considered this but any time spent on entitlements, zoning approvals, etc. just to start construction will have no only soft costs associated with it, but also holding costs from your lender.

I have been renting a house in Idaho for the last two years with an option to buy house for 151k at anytime within the next three years.

During that time I was paying for marketing, paying my assistant, working hard any time I had off from my Navy job, going on appointments, getting thrown out of houses, etc… but I didn’t quit.

But you can buy any property any where at any time.

I completely agree with @Tim Herman and @Grant Delmonte about how you should proceed if you're going to handle the property management for your future quad yourself.However, I think you've asked the wrong question.If this is truly going to be an investment property, then I strongly urge you to treat it that way from Day One: Hire yourself a professional property management company.For one thing, you simply don't know what you don't know, and any time you spend learning to be a PM is time not spent finding more great deals.

I am also fairly familiar with rental properties on Kauai if anyone is interested in a high priced market with a huge rental shortage for the working class and will not be going a way anytime soon.If any members are interested in visiting Kauai, I can try my best to give you advise however I don't get out much. 

Upon speaking to them it was abundantly clear there was no plan to leave the property anytime soon.