:-DI was tempted to make snide comments on that thread, so I exercised a modicum of restraint.

You need to look up the state redemption requirements for a borrower to exercise the right, generally if they fail to give notice, provide a bond or follow the requirements prior to foreclosure they lose the right to redeem the loan.

I think the key is to be very conservative in your underwriting assumptions, and exercise patience in waiting for the right deal to come along.

But, it's not more than they are capable of paying.Here are some example of the suffering costs of success:If you suffer the cost of disciplined spending and investing habits, you will have peace of mind and an early retirement.If you suffer the cost of daily exercise and nutrition, you enjoy a great physique and an exception quality of life.By suffering the cost and inconvenience of going the extra mile for your clients, you will enjoy bigger commissions and increased opportunities in life.By suffering the cost of preparation and doing more than what's expected, you will enhance your reputation, expand your opportunities and increase your social capital.The price of success is temporary discomfort.

It was an exercise in frustration.  

In all likelihood, the chances they will exercise the option have dropped to scant.

"Driving for dollars" and property analysis exercises can help change the way you see the world.  

The option is not exercised until I received 100 percent of the purchase price and all lease payments, fees, services charges, etc. due at the time the lessee wants to exercise the option to buy.

., like in single family residences, I would be cautious about allowing them to take on strenuous exercise on your behalf, even if they volunteer.

I also do realize that all of this is easier said than done in a hot market ... so yes we all do need to exercise some discipline in our acquisitions to make sure we can still manage our risks and make the payoff worth the risk and effort, regardless of what sort of properties we are going for, or else don't buy if it is not.