One of the big benefits to the person who acquires the option is that they can choose to execute the option or not, depending on market conditions. 

I have a borrower who is making consistent monthly payments on a loan mod and want to explore connecting him to someone who can execute a FHA 203b loan to pay off our loan.

Once you've identified what marketing channel then you can put a plan together and execute on it.

This choice changes the situation for the lender into an equity partnership which increases their risk, which deserves a higher reward, in equity, cashflow and sale.In any case the lender should be on title (like a bank would) to secure some or any colateral.I am a multifamily real estate business owner and not a legal expert, therefore any agreement should be drawn up and executed by an attorney specialized in your field.

I have a full time, executive level job and am in my mid-40s.

Also I would like to learn more about how to execute a contract and any specific things that may be important to include in a wholesale contract.

While a “counter offer” does negate an “offer” a request for additional concessions/negotiations does not negate an executed Contract.....the key here is the difference when responding to an offer verses a contract.

I put my plan down on paper but when it comes to execute this plan I seem to hit mountain after mountain.

As you and your wife understand more, you'll be less likely to make emotional risk analysis and feel more confident to execute your plan.

I would like to start a discussion about deal making to help clarify some confusions that I have that generally revolve around logistics with execution.