@Michael Vu - try this exercise to change your viewpoint on the deal. 

I've found this exercise forces you to sit down and write our your thoughts.

Big no no there so don't exercise that option. 

However, I can’t have them exercising the option until all the lease payments are made.  

They do all maintenance & repairs, I get the tax write offs and the property is still in my name until they exercise the Option 

However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law.If Lender exercises this option, Lender shall give Borrower notice of acceleration.

This is important when exercising your exit strategy.

There are protests for about everything else; maybe it's time for landlords to exercise our constitutional rights to due process of law ?!   

A little confusing to unravel and each tentacle fights you when you get too close.Is an Option fee on a single family residence that the optionee will live in but not own until the option is exercised, Earned Income or Unearned Income for tax purposes?

Upside to raise rents to $2,500/unit in Year 1 (but I'm trying to be conservative in my numbers for this exercise).