In our small town the fire chief will do it.Approach yours & suggest it as a training exercise for their guys.

I feel that is usually an exercise in frustration. 

The seller/landlord retains full value on the lease payments though if the option agreement is never exercised. 

(iv) If Buyer is unable to obtain Loan Approval after the exercise of diligent effort, then at any time prior to expiration of the Loan Approval Period, Buyer may provide written notice to Seller stating that Buyer has been unable to obtain Loan Approval and has elected to either:(1) waive Loan Approval, in which event this Contract will continue as if Loan Approval had been obtained; or (2) terminate this Contract.

In this case, because you're now using OPM, that RM exercise needs to include your 'partners'. 

If you'd like to go over this point-by-point as a buy-and-hold repair scenario for the experience, send me a PM with the address so I can check out the listing in Zillow and we'll do it as an exercise.

Tenant-buyer must exercise their option by day 180.2.

@Jerel Ehlert thanks for the insight that pretty much nails this down then and I have a full understanding thanks for the heads up it is actually a relief in knowing that I can just go on a month to month even though they marked those out and still exercise terminating the lease with the tenant upon notice.

Relax, you're fine.As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity (e.g.

For example, if you split the difference as has been suggested, have the lease where they pay $2800 the first year and $2600 if they exercise the option.