All late payers must put together an articulable and believable plan to pay within 3 days of the due date or I file notice to pay or leave. 

Can someone articulate or simplify these terms for me please.

Ultimately, the economic prospects of your deal and the projected returns articulated to your investors should drive your decision about equity splits, the various fees to charge, and the magnitude of the fees. 

If I didnt know how to talk to him and actually articulate what im looking for in the real estate industry I would just be pushed aside. 

The master lease would articulate the terms of your lease agreement with the existing owner including the recurring payment amount and your responsibilities as the lessee.The option contract would outline the terms of purchase, including any portion of lease payments that would be applicable to a purchase.Using round numbers, if you structure the lease/option in such a way that you pay the owner $1000/month with $100/month being applicable to the purchase then at the end of 12 months, you would have $1200 towards your down payment.If you were purchasing for $100K and needed $20K down then $1200 of that would come from the seller (by the way of a reduced payout) and the remaining $18.8K would come from you.It's worth noting that there is no "refinancing" with a master lease agreement because you don't own the property or have any financing on it.  

Make sure you can articulate well to the agents exactly what you are looking for.You can use sites like realtor.com to find agents. 

@David Faulkner said exactly what I was thinking, but did a better job of articulating it than I would.

Sounds like you are a well articulated, organized and smart individual.

Articulate what strengths you bring to the table and go for it.

If you can articulate your positive attributes, explain your problem areas, and show enthusiasm for the unit/area, that should help.