Standard option consideration is more like 3% of the purchase/strike price. 

If I strike my first deal I will let everyone know.

But if you have a higher purchase price that doesn’t strike me as making a bank too happy.

I also didn't mean to "cut out" anybody just saying you can strike a deal that is FAR below a standard commission or even have the seller pay it themselves as part of the deal if they want you to buy it.BTW you NEVER use a quit claim deed when buying anything, ever.

With the right documentation/agreement I assume I would be able to lock it down even though when it comes time to execute on the option that strike price agreed upon upfront will be 50 or 60% of the actual re-positioned value.  

@Brian Foster @Isstad Rashadeem @Tom Smith Consider this extra tidbit when evaluating acquisitions: determine if those flood zone properties can be reclassified before striking them off your list. 

I try to strike a balance between security and practicality.Good Luck,Mike

He strikes me as a snake-oil salesman.

Good advice about being able to think fast and make offers when the opportunity strikes.

Very funny.....hopefully that would not strike up a bunch of new things to talk about for the annoying person(s).