The IRS has 120 calendar days from the date of the foreclosure sale to exercise their right of redemption. 

It sounds like they would want to exercise at market price, if ever.

This could very well just be an exercise for our future endeavors on approaching off market opportunities.

Source: Renter's Rights | Office of the Attorney General - Texas Attorney ..Here's the email address for the Texas Attorney General's office:  https://www.texasattorneygener...Go to this site and learn what your rights are and how you exercise them.

Additionally, even if your current PM doesn't rent out furnished units, you can exercise using another self-managed option where you can list and screen for the unit yourself (and cut back on that PM cost). 

From the beginning of this deal to the end, I exercised full transparency with both my Assignee and the Seller about that I intended to make a profit assigning this deal, and I even disclosed how much.

Structure the Option so that you CAN NOT exercise it until she dies.

If they do NOT want to exercise that Right, then they can "sell their share to an outside party" IF the majority votes to accept that.

And I also know that many schools use a financial aid calculator that does NOT exclude small family business assets, so probably an academic exercise at the end of the day...)

The exercise could be circumvented by using the BP analyzers though it won't teach you nearly as much.