I would Echo what Chris said, and add that things like hiring a property management firm, or a credit enhancement ( 6 mos. - year of debt service in an escrow account) if you had it to tie up,  would help to get the deal done. 

Try not to tie-in substantial lessee improvements with the option exercise.5.

My initial reaction is that I would inform the Seller that failing to close would breach the contract, that you are fully prepared to close and will proceed as if closing will happen as scheduled in the contract, and that if Seller breaches the contract you will have no choice but to exercise your right to seek a remedy.

After the presentation I immediately upgraded my mentality and account from a "normal Joe" to  PRO to enhance my experience and utilize all that BP has to offer. 

So, if ANY of the members of BP ever have any questions regarding health / dieting / exercise / training / nutrition, please feel free to reach out.

That is NON-taxable until the option is either exercised or expires. 

Purchase price if lease with option, market rent, 12 month term with extensions, exercise price, etc.

Between you, Jay and Ming my common sense is enhanced. 

I think it's a good exercise that some farther down the road have not done in awhile.High value markets are very tough.

Let them know you intend to sell it for a profit (add a clause stating such in the contract) and that during the contract period before closing you will be exercising your right to advertise the proerty.