I want to know, is it better to try to lease this property to one of the tenants in hopes they will exercise their option to buy it or is it better to just rent the property out?

They have the directive from their regulator, the Federal Housing Finance Agency (FHFA), to enhance the flow of credit to multifamily properties nationwide.

At this point I know it's really more of an exercise than anything, so I'm looking to learn all that I can.

I find it to be great exercise to run through examples and questions and learn from actual scenarios other investors are asking about.

My goal is to start off building capital, using the "none of MY money down" techniques and eventually purchase rentals to gain passive income.I would like BP to help me become a more creative, well rounded investor.I'd like to encourage other BP users especially newbie wholesalers to connect with me and start enhancing my network and knowledge.

If you have existing equity you may walk-out with a little cash or no money out of pocket -- (this is a maybe, we do not have enough facts yet)Instead of financing your next purchase with money out of pocket, use the equity in your existing property to open a HELOC (Home Equity Line of Credit), use this inexpensive capital to fund your purchase and then later refinance to a permeant loan after construction and new enhanced value.

not what I wanted but it has enhanced my skills and enabled me to learn more about real estate then I could have from a book.  

RTO = = "Lease with option to buy", so until you exercise your option AND actually close the sale, you collect nothing.

Seller agrees to notify Buyer in writing of any Defect which Seller becomes aware of after Seller's granting of, but prior to Buyer's exercise of this Option. which is materially inconsistent with the above representations.

Condition of forfeiture; right to cure A purchaser's right to exercise an option to purchase property under an option contract cannot be forfeited unless a breach has occurred in one...