I would agree with you on all parts, possibly a daunting exercise...

Lender's decision not to exercise a right or remedy under this Note at a given time does not waive the Lender's ability to exercise that right or remedy at a later date. 11.

A good exercise is to fill out this Preliminary Change of Ownership report (PCOR) which you can find on the County's website: http://www.sonoma-county.org/Assessor/HTML_Documen...It is smart to submit a PCOR with your real property recordings to better clarify your case with the Assessor and any reassessments they might perform.

I dont fully understand all the exit strategies one might exercise when buying, holding, or wholesaling raw land.

2) How to setup/negotiate the monthly rent amount that goes toward buyer's equity/purchase price.3) A total refinancing disaster when working with national banks (I heard stupidity such as "According to Fanny Mae, a house in a lease-option is as good as a house currently on the market from a refinancing standpoint"4) TAX: Rent is a taxable income but what about the rent portion that goes toward the purchase price once the option gets exercised...How fully leveraging 1030 exchange in that context.Hopefully, some interesting elements here.My 4th day on BP, yeah!

I think you're saying that you are going to use a lease/option to purchase a property but you want the eventual purchase price to be the mortgage balance when you exercise your option and make the purchase.

In a title state, legal title passes to the Trustee conditionally, they hold title but may not exercise any powers of ownership so long as the borrower meets the conditions of the deed and note.

If the seller of a lease option dies, you still have your rights as a tenant according to the lease terms and your option is still valid, you can exercise it and pay the estate.What you are describing is a sandwich lease option I think, which is where you lease the house from someone with an option to buy, then turn around a sell it the same way, but at higher dollars. 

I've had to invalidate my own fair share of Irrevocable Trusts when Settlors begin to try and work around the irrevocable nature of it and try to retain certain powers they should not be exercising.

A thoughtful exercise may be to use a combination of your own data, census data, and qualitative factors to put together a picture of your 'tenant market' every year or so.