If you have any questions or would like to exercise your options through these programs please feel free to PM me.    

I assume you are going FHA because you are going to live there, you can't put it in an LLC for an FHA loan.Some smaller banks who hold loans will allow you to transfer to an LLC without exercising the due on sale clause. 

I could give you one but I think a better exercise would be to develop your own. a huge thing in real estate is being able to sell yourself.

There are several tax experts who are active here on the forum who might be able to assist you.But first you need to decide which type of retirement account is the right fit for you: you can have a custodial self-directed IRA, or you can enhance it with the checkbook control by setting up Checkbook IRA (aka IRA owned LLC).

I don't mean to be rude, but that is the same excuse people use to get out of exercising...  

Your way around it if it is fix and flip is to just do work that will increase the appraisal: improve curb appeal, enhance the kitchen or bath, or turn it into an open concept.

There is a date that you have to exercise the Purchase by (usually).

I think this was a good exercise to try on the BP Calculator either way.

@Angela VestalI'm a little late to this thread but I suggest considering enhanced vinyl plank (EVP).

In hotter markets, sellers are providing T-3 or T-6 P&Ls but caution has to be exercised as owners can be dressing up their properties.