`(b) Purpose- The purpose of the HOPE for Homeowners Program is--`(1) to create an FHA program, participation in which is voluntary on the part of homeowners and existing loan holders to insure refinanced loans for distressed borrowers to support long-term, sustainable homeownership;`(2) to allow homeowners to avoid foreclosure by reducing the principle balance outstanding, and interest rate charged, on their mortgages;`(3) to help stabilize and provide confidence in mortgage markets by bringing transparency to the value of assets based on mortgage assets;`(4) to target mortgage assistance under this section to homeowners for their principal residence;`(5) to enhance the administrative capacity of the FHA to carry out its expanded role under the HOPE for Homeowners Program;`(6) to ensure the HOPE for Homeowners Program remains in effect only for as long as is necessary to provide stability to the housing market; and`(7) to provide servicers of delinquent mortgages with additional methods and approaches to avoid foreclosure.

I think this may just be one of those houses that are just an exercise in learning, which is fine.

From what I have read and heard the seller can still actively market the property to other buyers until you exercise your option.

You are also exposed to the due on sale clause which I know people say is never exercised by lenders but I know first hand that that is not true.

If the tenant stays then that will have to be worked out in the deal.Once you get the prospective buyer, you can discuss the length of the exercise period and the exercise price.

It makes sense to build relationships that will further your goals, enhance your career, and add real value to your bottom line.

And if that shows more positive results, I may do a redesign and enhance functionality.

When the end buyer wants to exercise their option, you exercise yours too.

But, you will ikely have this happen, if not before he moves in, then after a few years when something happens and he decides not to exercise the option to buy.

You are looking for a win-win relationship, not just a futile arithmetic exercise based on splits of mythical commissions that haven't been earned.Only in real estate do complete beginners walk into job interviews armed to the teeth with "what's in it for me" questions for their employer.