This Option may only be exercised at any time prior to its expiration at midnight on December 31,2020.

This is hypothetical because it is an exercise in electrical theory.

Making extra payments became a simple and completely safe exercise because at any point I could bring myself back to even, so I made another extra payment without thinking about it too much, this time deliberately, and found myself two whole months ahead of schedule.

Waiting is usually an exercise in futility. 

- contract not notarized; covers your possession of property as a tenant2) option - contract to buy - also not notarized normally - usually shows all the terms of the future purchase: term, price of option itself, price of property at future purchase, financing, rent credits, last day to exercise the option (make the purchase), rights to extend the option (or more likely not without more money), etc.3) memorandum of option - YES notarized because you want it recorded (but the owner often doesn't because it shows his property is tied up by you).

It's actually quite common to begin the subd process prior to taking title.No, you wouldn't be able to compete the entire process and if you never exercised the option you will have gifted a lot of the entitlement process to the owner.I personally was able to begin the annexation process during the due diligence period on a deal and actually did a double close the day after the city approved it.

Second I have done over 40 lease options and have only had one exercise their option here in Clarksville.

I am a recent graduate from UNCW in Exercise Science with plans to continue to graduate school to secure a career that is a bit more recession-proof than real estate, just in case another 2020 level disaster should strike again.

My bachelor's is in psychology, my masters is in exercise science, and my current business is a small e-commerce business selling wellness products, but I want to learn BRRR!

So, you can absolutely exercise patience and not feel rushed while you take time to really hone in on an investment and company that gives you confidence.