@Pablo R. this is the template we give o all tenants in this situation: https://drive.google.com/file/...Your tenants are month to month...so, the new owners can keep them or issue notice of non-renewal...this is per Ohio Revised Code and notice must be given at least 30-days prior to the rental due date (nobody ever gets this timing right and usually ends up violating tenant rights without knowing it)A standard due diligence period should be in place...this is really a check list exercise...the buyer would typically request financial records and leases for at least the last 12-months- this is pretty standard.An estoppel may be executed if they are using a lender, but not always...these aren't normally part of the transaction on small MF.The rental agreement stays in place, but can be replaced by the new owner with a new lease for term...or amendments could be added for rental increase...passing utilities back to tenants, etc.All things constant, just do what you have been doing until the property closes...your duty ends when the property sells.Here is the 1-pager we use to guide a buyer through due diligence: https://drive.google.com/file/...Let me know if you have any follow-up questions and best of luck

The agreement says that I (my corporation) has to be the one that exercises the purchase option.

I showed my team that the operator was helping the widow get rid of a burden (not take advantage of her).Then we did an exercise .

Just want to run some mental exercises if I want to or not.Thanks for any thoughts provided

I'd prefer to exercise a clause in the lease that would allow the lease to go month-to-month if the lease is not renewed and then just get a notice to vacate from the tenant that states her intent to move out July 31st.

Get the inspection, and if it isn't up to your standards, exercise your financing contingency and walk away with your earnest.  

For example if there is an issue with the garbage disposal (and for all the naysayers, my markets demand garbage disposals) have them exercise all the shut off valves.

This exercise goes a long way to validating one’s decisions, or to open one’s eyes to other perspectives, and is a lesson that we can apply across many areas of life. 2 - 'Rose Tinted Lenses' Bias – if we, as investors, are enamored with real estate, seeing it as our path to wealth, then sometimes we might ignore the signs when things are going wrong.

All you do is just like with exercise, as the markets headed up, you buy you renovate and you flip quickly.

I do think that hacking my way there is a viable option, and though qualifying for conventional mortgages large enough to exercise some of these methods in this market seems to be the hurdle my financial situation is facing, it’s worth it to make that jump in this location.