It is not a good choice for a passive investor, but a wonderful investment for someone who's willing to exercise a little leadership.

I completely agree that you must put yourself in the seller's shoes as best you can to match the right solution to what they want.Here is one extremely vital exercise I do now.1) Reverse engineer past profitable transactions.2) Deconstruct, examine & identify the key elements.3) Then rebuild the machine piece by piece to attempt to improve & replicate.It's a never ending process.

Hopefully no drama, since the seller is the ex-husband, and the tenant-buyer is the ex-wife, there seems to be some potential for drama, but I would have everything spelled out in writing.Of course if she doesnt exercise her option, or fails to keep up with the terms of the lease, she would forfeit her option, and I would still own it.My problem, I dont have the funding to buy a $43k house.Any ideas?

And I wanted to keep the property, and because only 20% exercised the option back then I expected to be able to keep it.

Doesn't matter if the end tenant buyer exercises their option to purchase or not.

If you've paid an application / appraisal fee to the lender that could be at risk as well.If there is another reason to quit the contract you could exercise, I would be pulling that lever.

There is a borrower right to cure the default but that must be exercised 5 days prior to sale.

Pretty high I'd guess, it becomes an irrelevant economic exercise.

For example, I want to exercise more and get into better shape, but I'm not going to make a big fuss or fret about "hiking XX number of miles per month" or anything like that.

Look at this as a data-gathering exercise also.