It's 2018 and no reason why you can't leverage technology to streamline processes and enhance productivity.

It also has been quite an exercise in sweat equity, and learning to see everything from the guest point of view as opposed to our personal biases.Hang in there!

Define default and what happens if you go into default (ie. exercise their rights per the deed of trust which spells out how they take control or sell the property)This isn't everything but it's a start.

The way you have proposed would be the most costly way to do this exercise. 

In our small town the fire chief will do it.Approach yours & suggest it as a training exercise for their guys.

I feel that is usually an exercise in frustration. 

The seller/landlord retains full value on the lease payments though if the option agreement is never exercised. 

(iv) If Buyer is unable to obtain Loan Approval after the exercise of diligent effort, then at any time prior to expiration of the Loan Approval Period, Buyer may provide written notice to Seller stating that Buyer has been unable to obtain Loan Approval and has elected to either:(1) waive Loan Approval, in which event this Contract will continue as if Loan Approval had been obtained; or (2) terminate this Contract.

In this case, because you're now using OPM, that RM exercise needs to include your 'partners'. 

If you'd like to go over this point-by-point as a buy-and-hold repair scenario for the experience, send me a PM with the address so I can check out the listing in Zillow and we'll do it as an exercise.