You will control the original contract and any income you may get from renting the property until the person/group you sold the option to exercises their option. 

Hi all,I’m a senior graduating college in Maryland after this spring semester and I currently have a full time position at a financial advising firm making a modest $40k a year and have been able to save about $10k in cash since I started there 5 months ago.I’m highly driven and have to be working, exercising, or playing golf constantly or I go crazy so I stumbled into real estate investing recently and read ‘rich dad poor dad’ and loved it so much that I convinced myself that I want to get myself into real estate investing but have little to no idea where to start.

To answer your question though, you'll need to run a feasibility and pro forma exercise with all the numbers.

The Option Consideration buys the Option Contract...that's it...and is NOT refundable.4 - A third Contract, the standard Purchase Agreement, happens when/if the Option Agreement is exercised.5 - The Property in question should never need any rehab. 

She is now evoking COVID-related financial distress "to exercise her right to remain in her home"The tenant lease expired today.

He said he wanted to go into a cave and hide so they could not find him to exercise them and buy him out because "if you can get 10% a year on my investment I never want the principle back" .  

Quietly exercise your taxpayer rights and call code enforcement. 

Ultimately the tenant had a ROFR and decided to exercise it.

The court also made clear that it expects more than a casual viewing of the property by an agent or broker, writing that because agents are held out to the public as professionals with "superior knowledge, skills and experience" in the field of real estate, they are expected the exercise their expertise and "should have been alert to the signs of soils problems."

I have been exercising control to purposefully not mention Rent Appreciation in open 2 general public posts to help deflate the ignorance out there by novices who hear such and just assume rental appreciations are universal, misallocate, than get into a reverse situation.