Has anyone else gone through this exercise and can shed some light on the positive and negative aspects of the different approaches?

So the wife would be exercising her homestead rights if she moves in and that is her primary residence, not her husband's right. 

It's helped me exercise caution, set a reasonable amount to invest (that I'm willing to lose), and to be smart about blockchain technology before transferring my first greenback.

Prospective Tenant(s) understands the binder reserves the property for Prospective Tenant(s) until a Lease and all move-in requirements have been properly completed or Landlord exercises his right to rescind.

Hey Ray, I would exercise caution here. 

The above exercise might give you insight on what you can do to improve. 

I will have a chance to exercise my creative deal-making muscles early that will hopefully serve me well in the future.  

We had 3 tenant buyers exercise their lease options in October.

Walk thru that exercise to determine you location and market strength.  83 units is a nice size to get started if you plan to Scale. 

In other words, gross negligence refers to an act taken without exercising even the most basic amount of care owed to others.