I purchased this property with hard money lending to close the transaction 2 weeks back.

If they decide to renew/extend, you can/should accommodate them by just rolling the Purchase Option payment and rent credits forward but sign new paperwork, new floor price, new mo rent credit.Take $1 for security deposit so it is a separate transaction and security deposit not confused by a tenant with the cost of the Purchase Option contract. 

Purchase price: $175,000 Cash invested: $750,000 Sale price: $1,450,000 This is a current transaction that I'm working on.

The cross collateralize those for your down payment on an investment grade deal.  

As page 1 of the lease states- "This form lease is provided as a member service by the Chicago Association of REALTORS and is restricted to use only by MEMBERS of the Chicago Association of REALTORS and those who are party to a transaction facilitated by a Chicago Association of REALTORS member."

So, for easy math, let's say $1 million as that's roughly what I'd get to sell them in current condition after transaction costs.

I wish you the best luck with this good problem that you have whatever you decide to do make sure you consult a professional to assist you with the transaction.

This transaction demonstrated our effective renovation strategy and project management, resulting in substantial profit.

If it's an auction we have just dealt direct with the auctioneer.Maybe on your first deal you have an attorney do what you call "dirty work" but the best way to learn is to deal with the owners directly yourself, get permission to deal with the bank and execute the transactions on your own. 

.- It's been well kept- Between transaction costs (e.g. broker fees, transfer fees), capital expenses, tax recapture I would need to sell it for $1.9M to break even.-  At it's height (2022), it could have sold for but $2.7M.