Commercial contracts do not have the same protections as residential contracts.Commercial contracts have a feasibility period, rather than an option period.

I do quality work and guarantee what I do.  

Put in a lowish offer and find tenants with good credit scores, clean backgrounds, not temporary employment, good references.Other questions: - If all goes well I could refinance into a conventional loan with 20% down after the seasoning period or about a year.

So you'll hopefully be making serious monthly cashflow, you won't have capital expenses because of the NNN lease, and you'll be guaranteed a $50K increase when John exercises the option at the end of the 5 year purchase option.Without going too deep into the details, I think you've landed a winner.

SF and MF are two totally different worlds, so the experience that you are gaining in SF will not necessarily guarantee you success in MF.

There's no guarantee about the future market, although those who are saying prices will continue to rise are probably right.

It just feels extremely low over the long term if doing proper CapEx or full turns/remodels over a period of time.Not trying to be confrontational, simply curious of what they were.

Of course I'm leaning towards the guy with the cheaper rate pending the guarantee of his work.

The money he is lending me is only for atime period of  3 to 6 months.

And if conventional, I would imagine they would have to be held for a certain period of time.