@Jonathan Greene - I like that exercise of making a list of places your family or friends live as potential markets rather than just going for hot markets.

A person cannot include in any advertisement for the rent or lease of housing any limitation or preference based on source of income, or to use representations related to a person's source of income to induce another person to rent or lease property.

If you want to be in the business long term then use this as an exercise, after all it’s where you make your money so you’ve got to be good at it.

If yours includes one, you can exercise that provision. 

@Jesse Stein I am unaware of this nor do I believe it's common, but if the closing attorney and lender have agreed to this arrangement, then it appears all other options have been exercised.

I will admit that being uneducated to that world, it probably wasn't the smartest move, and today, I'd exercise far more diligence, but it all worked out in the end!

It’s always a great exercise to compare the risk versus reward.

Hey Adam, I know @Richard Dale-Mesaros has helped a lot of investors in NH looking to exercise this rental strategy.

In addition to making more in rent should my tenant choose to not exercise their option.

If Landlord exercises this Right, binder funds will be mailed within 7 days to Prospective Tenant(s) at the address listed on their application.Move-In RequirementsFirst Month’s Rent must be paid in full in the amount of: $__________Last Month’s Rent must be paid in full in the amount of: $__________Security Deposit must be paid in full in the amount of: $__________Other Move-in Fees must be paid in full in the amount of: $__________All tenant paid utilities must be transferred into Prospective Tenant’s name.Background checks done on all occupants aged 18 and above.A Lease must be executed and signed by all parties.When all move-in requirements have been met and Prospective Tenant(s) given possession of the property, the binder will be used as the last month’s rent.