[Will Cannon]

Will Cannon

Would also like to include a First Right of Refusal in our agreement – does that sound reasonable?

[Will Cannon]

Will Cannon

Jackie – Thanks for the feedback!

I have compared rentals comps and that is where I got the ~$1400/mo from.

I really like the idea of the first $50-$100/mo of maintenance.

My appointment on Friday to visit the house will make certain what the repairs are, apparently OpenDoor has already been and made an offer and described the repairs to her as “cosmetic updates” (paint, cabinets, etc.)

Her monthly payment is currently $800/mo on the house – which seems very high for the original mortgage of $99k, but she might be paying down extra principal (I think she is).

I also think I’d like to establish a 5 year lease at a fixed price – maybe not too far over her monthly payment price to try and produce a few hundred dollars / mo in cashflow without the liability of ownership (but as was said in the Master Lease section…positioning myself for future negotiations to purchase).