It spelled out the terms of the purchase and a deadline for me to exercise it.

I guess it’s so new that probably very few have exercised this option

It was an amazingly humbling exercise that I would recommend to every investor, given we are at the top of Markets again in many markets. 

Landlord shall have the option to terminate and cancel the Amended Lease ("Landlord's Termination Option") by delivering to Tenant written notice of Landlord's exercise of Landlord's Termination Option (the "Termination Notice").

It was an amazingly humbling exercise that I would recommend to every investor, given we are at the top of Markets again in many markets.Here is how I analyzed things.

The Musks of the world have an ax to grind and often swim upstream just because they are in the habit, not because they are exercising critical thinking skills.My view of the right order is to get a good education, get a job with benefits, suck it up and learn for a few years, hopefully something that may help you if you do think real estate is a path you can take - and then buy a house of your own. 

The 1st deal is still ongoing, and I had to exercise my pledge agreement I had on Kevin’s entity as he still hadn’t sold or repaid me.

If you're wrong and prices keep going up or flatten out you can exercise your option.

But, the whole exercise now becomes: at what list price does this property make sense?

For example, the pros list for the desirable duplex may look something like this:Safe locationUpdated kitchenNice viewsLocation proximity to workWasher/dryer in unitDishwasherEtc.If you don't care to do the exercise above, then my short advice is to buy the duplex that you like.