This REI journey would allow me to exercise control over my financial future and allow me to determine what risks I am willing to take.

You are asking if it is OK to exercise the option right in three (3) years to buy the property and "pay for it" by selling another property through a 1031 Exchange with the optioned property as the Replacement Property. 

Later when you get the income up you can exercise your option to buy it.

Diet and exercise is another investment that is crucial for progress.

I also enjoy to cook and bake, exercise from all the cooking and baking, and trying to learn new languages, French and Italian are on the list for now. 

Also, 3 Exercise Book.

I think caution is to be exercised here... as for double checking numbers send it to your CPAas for buying low value assets.. if its a major MSA its the hood.if its some little farming community out in fly over land.. might not be in a hoody or war zone.. but population and income could make collecting rent tough.PM 's are not miracle workers like many invesetor expect them to be..

Why is this exercise worth it?

This exercise will help you ascertain the terrain, location and its fitting into your ideal property.(8)PROPER DUE DELIGENCE: This is the most important aspect of the whole tips and actually summarizes it all.

When the tenant buyer exercises the Option to buy a few years later, generally that has bought down our underlying financing and we split those profits 50/50 as well.