With a deal like that I am shocked everyone isn't jumping up and down for a Chik Fil A sandwich.

Here is a fun twist; Get out the old monopoly game and write up some small option contracts, lease options, & sandwich leases.

Dad drives up front, the kids play in the back, and Mom makes sandwiches in the kitchen.

We bit the bullet and did the whole ceiling tear down, resilient clips, green-glue sheet root sandwich thing after listening to my upstairs neighbor snore every night for a year.

I wouldn't try to go against anything the L/O heavy hitters have given you in this thread, however I would ask just a bit of clarification on exactly what the potential sellers are asking for.If they indeed just want to cancel the agreement on whim then no they can't and if they want that kind of power they aren't equipped to rent their property under any circumstances.Now it sounds as if you are just assigning the lease option (as opposed to staying in a "sandwich" type deal) so if what they want is to be able to review the qualifications of the proposed tenant buyer as opposed to just letting you put any warm body in there (Not that I think you are doing that, but they have no way to know if that is what you would do) that is not unreasonable and in fact is good business on your part IMO.Again the question as to what they want was not totally evident to me.

I did a bunch of sandwich lease options but this project involved using a land trust.I'm considering doing a class or some sort of course.

Can I assume that you've had a sandwich at The Garage in your visits?

It was the last inexpensive West Coast city, sandwiched between two of the most expensive metros in the country (Seattle and San Francisco), and has geographic constraints that will likely lead to supply outstripping demand both for sales and rentals.

This sandwich effect, for lack of a better descriptor, provides for low purchase prices and good, stable rent value and renters.

-------Strategies include lease-option assignments, sandwich lease options, master lease options, etc.