Quote from @Doug Teasdale: Quote from @Dustin Tucker: Hello Doug,  Here is the Arizona Association of Realtors Forms page.https://www.aaronline.com/manage-risk/sample-forms/residenti...You will probably need to use the Residential Resale Contract.For the Buyer as an example use "Doug Teasdale and/or assigns"  This allows you to assign the contract to your wholesale buyer.

I really am enjoying this thought exercise. 

This is usually rare, and the cost of these major repairs can be negotiated to be reimbursed at the sales closing when the option gets exercised.- The exit is defined according to the option period. - There are very low management costs since the property has long term tenants that take care of their own repairs.

Of course the sale of the property is dependent on the tenant buyer exercising the option. however, if they don't exercise the option then we can just sell it if we want to or we would put in the property another tenant buyer with another option.  

The challenge I found is that with real estate it seems to be much more complicated than giving people encouragement and cheering for exercising.. 

It took ten seconds to find this one: https://www.miamidade.gov/socialservices/library/sample-60-d...You can do it.

A wrap does NOT remove the risk of a due on sale clause being exercised by the 1st position lender. 

Quote from @Dennis McNeely: In a sandwich lease option, the investor exercises their option with the property owner to purchase the property when the tenant-buyer indicates they're ready to exercise their option and purchases the property.

In return I get a lower lease with a 5 year term before I could exercise a purchase option to protect my investment. 

Highly recommend you start getting sample contracts from other PMCs to evaluate what yours may be missing.Then, you may be able to renegoatiate the contract with your current PMC - or move to a better one.