In hotter markets, sellers are providing T-3 or T-6 P&Ls but caution has to be exercised as owners can be dressing up their properties.

Some anchors in a center such as a Starbucks or a Davita Dialysis will do the 10 years.The small operators like to keep flexibility to move so they like shorter term leases generally with the flexibility to exercise the options or not.What are the rents being paid for base per sq ft?

Typically if they have plans to move they will not want to spend any money on the space in the short term.Howe far in advance do they have to give notice to renew the lease before exercising the first option period?

It's a worthwhile exercise to explore the different scenarios.

Lease options aren't 'sold' through the leases, but when you or the TB actually exercises the option and purchases the property.You're on the right track. 

All that option agreement does for you is give you the right to buy the property down the road, when you exercise your option. 

Have you considered paying cash if you have the means to and exercising the delayed financing exemption that fannie mae allows?

@JT Crownover  the reason for my list was an exercise in where one can buy houses under 10k in the US and those are the easiest for someone who has limited backing or capital can actually wholesaleit does come down to the greater fool theory though.. and I am certainly aware of West Jackson I had my Plane Hangered at Hawkins field and would drive through W Jac to get to it ... :)  felt odd driving through a neighborhood that I could buy a house for the same price it would cost me to fill my tanks with Avgas ..

They don't own anything, and still have to qualify for a mortgage at the time of purchase if they decide to exercise the option.

Ive challenged them on this since there was not vote by the homeowners, that im aware of, and they essentially quoted as 2008 law  that says the the board can: (18) Exercise any other powers necessary and proper for the governance and operation of the association.The reason they have implemented is that there was a bad landlord that allowed a tenant to rent that eventually got busted for drugs.