Its irrelevant in this case since I am focusing on making sure I picked a conservative ARV, thats all im concerned about in this exercise.

When he exercises the option, why can't he write up a new contract with a lower purchase price reflecting the rent credit?

I am located in Cincinnati, although for this exercise I am not sure that it really matters.

The fact that you were able to get their adjusted values to converge to some number would seem to be more a spreadsheet exercise than a comp analysis exercise.If I played around with the numbers, I could adjust the value of The Empire State Building to converge with the values of my typical flips, but that doesn't mean the comp is a good one or that the convergent value is meaningful.

I dont like this because I have to drive out every month but it does force you to be prompt with the pay or quits and exercise discipline with tenants.Mail: Receive checks at a usps post office box.

I have an Option Agreement on a property and need to know if I should just assign the Option or get with the seller and exercise my option, sign a Purchase Agreement, and assign that to my end buyer.

In such event, should Seller choose to exercise this right, the Buyer will be returned Buyer's earnest money deposit.

Perhaps you should work in neighborhoods where conforming means exercise creativity.

As a lien holder you can exercise your rights on the property. 

We actually exercised the option just under a year into the option period.