Welcome to Biggerpockets @Brian Gibbons, Ron LeGrand could helpLow investment(to get lease option), cash flow (while the tenant buyer is assessing neighborhood & preparing financing)and a back end profit (when tenant buyer exercises option) are the highlights

Find a good real estate attorney.When your tenant / buyer exercises their option, the purchase contract should already be pre-filled, so there is little need to have a real estate agent then.

Try not to tie-in substantial lessee improvements with the option exercise.5.

My initial reaction is that I would inform the Seller that failing to close would breach the contract, that you are fully prepared to close and will proceed as if closing will happen as scheduled in the contract, and that if Seller breaches the contract you will have no choice but to exercise your right to seek a remedy.

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That is NON-taxable until the option is either exercised or expires. 

Purchase price if lease with option, market rent, 12 month term with extensions, exercise price, etc.

I think it's a good exercise that some farther down the road have not done in awhile.High value markets are very tough.

Let them know you intend to sell it for a profit (add a clause stating such in the contract) and that during the contract period before closing you will be exercising your right to advertise the proerty.

Generally, to establish that one person has acted for another in an normal agency relationship, there must be an agreement between two persons and one must exercise some control over the other.” the case is Xarin Real Estate v.