The key is the order of appearance (OOA) you exercise those three options in.  

@Dev Horn  In praise of Dev Horn's postsIf you did a search on this site about all of Duckhorn suppose who is manager and leader of we buy houses if you don't knowIt amazes me that I'm bigger pockets people want to be entertained and learn some tricks but not doing thing not go out and talk to so it's not go out and talk to Buyers don't make any money they're just dreamersThere was a post by a moderator is saying that they want to protect your image from making mistakesWell small-business people make mistakes even if you buy a franchise and get a book on how to run the business you make mistakesI think real estate and this thing is like weight-loss, you walk into a weight-loss clinic and you want to lose the weight and you understand that you got exercise much but there's a psychological component to losing weightLike in real estate investing, weight-loss is painfulAlso it doesn't come quicklyParadoxically, it's not consistentI think there's two good sayings to be pasted in front of your computer from your fridge and in front of your mirror were you shave or get ready for the next day

My kids play in my neighborhood and people are out exercising after dark.

Anyone that has that justification, ask them to show you the last 10 years of their ability to manage payments and their exercises of financial behavior during times of liquidity.

It is like exercising an option in a stock that deep in the money.

These companies are making money on those who are unwilling or unable to do the exercise you did to find out the truev value of a property. 

Then I had a lease Option purchasing some STR cabins up here and I exercised my option to purchase and used the 1031 money plus cash to purchase with cash. 

This is not correct - albeit with some clarification;As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity (i.e.

I know you mentioned they were "A" and "B" rated, but since you're posting from LA County you can go through a thought exercise to help figure out where you're buying.

I did this exercise to figure out what these all looked like on paper:  I took 3 representative rentals - one representing a C class house that at the time was $75,000, a nicer (maybe B-) house at $125,000, and a solid A- to B+ house at $200,000 - all for rent on Zillow so I could be using real numbers for my calculations.