While this clause is often present in mortgage agreements, it’s not always enforced.

I am not someone that condones, or ever believes that someone should buy a property with a rent to own contract, unless they have the credit and financial ability to buy the property when they sign the agreement.  

Unlike personal property, real estate also requires agreement on closing date, repairs, etc., so even if list price, cash is offered, another term might not work, so likely no way to hold a seller to sell until they actually sign an offer.

So it sounds like you are in agreement with John that doing a cash out refi is my best option?! 

We operate our units under an obscenely landlord friendly lease agreement that runs 20 pages and it's good for operations to have every tenant under the same lease terms. 

Thank you very much for your response.I will use lease agreements from both units of my first 2-unit househack property (including the one where I currently reside). 75% of the total rent collected from the first property will cover its PITI completely.Your comment was very helpful in clearing up my confusion.

Your continued observance of the terms contained in your lease agreement is both expected and appreciated. 

If you struggle with creating a strong agreement and enforcing it, then you may be better off hiring a property manager.

You can sign an agreement to use the roofer-adjuster provided their cost does not exceed your best price plus 10% of the claim payout (i.e. typical insurance adjuster rates).

@Bethany Travis, the short and straightforward answer is to pay a real estate attorney to draft a purchase and sale agreement with an exhibit to assign the contract.