They would typically sell for a 5-6% premium at auction, so should I exercise my right of first refusal with the thought that I could re-sell the notes later on if I needed liquidity (and on what market)?

If we exercise every day, we will eventually get in shape. 

Ignoring foolish solicitations is a muscle worth exercising.

I’ve readThe one thingMillionaire real estate investor Vivid visionsRich dad, poor dadAnd I’ve started David Greene’s BRRRR book, and Brandon Turners book on rental property investing.There’s just soooo many podcasts, I don’t know where to start to get the numbers/ratios that I need to build my spreadsheet to start these exercises.

I would exercise your inspection clause and walk away. 

For example in the case of an electrician not showing up we may exercise that provision of the contract and subcontract that work to another electrician.

I'm not sure if it's a mindset matter of wanting it bad enough, or maybe there is a physical remedy like exercising more often?

, and weren't trying call it due/exercise Due on Sale clause. 

Thanks for the fun thought exercise! 

We don't know enough of the location where it could make a lot of sense or just a curious thought exercise.