You're very smart, intuitive and exercise common sense which is important when investing.

They can be exercised through the county official where the land is located.

Our current portfolio includes performing mortgage notes, lease options yet to be exercised, fix and flips, and buy and holds.Our next step in this process, we feel, is to get into the commercial game.We have kicked around the idea of creating a path to purchase a few Class A commercial real estate buildings.What are the risks?

I did also come close to an investment purchase back in 2008 in Virginia, under contract on a foreclosed single family 4-bedroom (I intended to live in one bedroom and rent out the rest to roommates) in northern VA, but at the time I realized I was getting in over my head and decided to hold off (and had a penalty free loophole in the contract I was able to exercise).

I'm not implying I would be that partner, but rather this would be an exercise to position yourself in "the space" where you would want to be.

This solves 3 issues, 1) with specific instructions by both parties to the atty trustee, both you and she will be covered regarding going around you, and for her default.2)  this also resolves the issue of what happens when you exercise your option in 9 months and need her to sign the deed.  

Just curious.Sometimes, courses have field exercises where you actually apply what you're learning and get graded on it.

If you're very happy about your building's exceptionally low maintenance and don't mind that its lobby looks like a time capsule from the 1970s, you probably don't want new neighbors who want to spend the co-op's money to renovate it.If you’re an artist who needs a large, high-ceilinged space to make art but who isn’t rich and famous yet, you may not want to spend money on amenities like roof decks and exercise rooms.

This would be a great property analysis exercise for us to go through and I am sure we would all learn something in the process. 

Or some of the professionals on here that have clearly exercised an understanding of the business through their posts.