Finally, finish up the tour by enjoying all the Hedingham amenities, which includes 2 outdoor pools, exercise room, yoga studio, indoor basketball court, tennis courts, and exclusive Hedingham golf privileges.

@Paul Sverdlin Flip your question around for a brainstorming exercise.... what type of seller would sell me their property at below market value (or at market value without a bidding war)?

Thank you@Joe VilleneuveBut How come investors say that you can credit the option fee toward the purchase price when they want exercise their option agreement.

But if you exercise your right to have your own counsel, it has to be at your own expense.

No matter what I think it is worth pursuing even if its just an exercise in learning. 

If the borrower defaults, the lender exercises the power of sale in the security deed, and auctions the property to satisfy the debt.

Another route would be that I actually do exercise my option and buy the property in the future when I have a decent down payment for the mortgage loan, and keep the property as a LTR.

@JD Martin I meant rest as in- like wanting to be on Social Media, watch Netflix, exercise.

Lenders are highly unlikely to actually exercise that acceleration clause as long as the mortgage is being paid.

You simply cannot do this unless you know exactly what's involved, and many times that means that you know exactly why trying to pay a third party to do it is would so likely be an exercise in futility that you either choose to do it yourself or don't do it at all.I have given up on exactly two properties so far and sold them before I rehabbed them.