I met this friend at an evening community college exercise class.

Homeowner was happy with this, probably hoping I wouldn't exercise my option. . .but I did. 

Of course, lenders may not always find out that you sold or may not care and may not end up exercising their right to accelerate the loan. 

When I used to mentor I had all my students do this exercise.

If there is a Due on Sales Clause your lender may consider the transfer a sale which means you'll be responsible for paying off the balance of your loan.Many people transfer the property into an LLC and the Due on Sales clause does not get exercised by the lender but you should know what your lending documents say before making a decision.Before deciding on whether or not to establish an LLC in Colorado or Minnesota you should consider what are your plans in Real Estate. 

That being the case, you would have been committing the fraud by trying to exercise the appraisal contingency when it appraised at value.

The only time I'd have a rental with a pool would be the following conditions:- Property must be high end and attract high quality tenants who are more likely to care about maintaining it, will be observant enough to notify you of any issues with it, and will exercise some personal responsibility (keeping gates shut, dipping leaves out of skimmer and pool, filling it with water when it gets low and remembering to shut it off, etc)- The pool itself should have a fence around it to keep out children and animals from accessing it.

There is an acceleration clause is most deed of trusts, that is, his mortgage document that calls for a full payment of a mortgage if the title is transferred in this manner, but people do it all the time and accept that is the mortgagee/lender ever exercises this clause then you'll just have to refinance the property and since you were paying the mortgage and have proof, you should have no difficulty in refinancing the property. 

Partnerships (active and passive) are another option (exercise the usual precautions).That's all I know at this point. 

I would not count on them exercising the option, especially considering the state of the lending industry.