-Don't destroy the place-Exercise good personal conduct and don't disturb the neighbors-Keep my appliances in good working order-Yard maintenance is your responsibility-And of course... those air filter thingies?

If I want to put it in cement then I exercise the option with a purchase contract.

One tenant had everything out except a very nice step machine (exercise machine), a nice desk, and a kid's bed.

You still get the other protections entities offer and often those threatening you will forgo the exercise if it is too much trouble.

I was wandering about this.I say "ok Mr Smith at this time i am going to exercise my right to back out of this deal due to inspection reasonings".

So, when the option is exercised, does the 10,800$ I've escrowed get returned to the lease option tenants.

We notified next of kin that they had a week to move the tenant's property or we would exercise the writ of possession.  

As a result, real caution needs to be exercised here on BP.  

This is the real world, academic exercises are a way to look busy, but not a way to make money.  

Exercise caution.Private lenders are typically folks you already know or whom you meet through existing acquaintances.I would be wary of folks who are advertising on or trolling internet websites, particularly if they are offering unbelievable rates  - I would put 5% in the unbelievable category as private money, even up here in Canada where rates are lower, goes for 8 - 12% depending on the risk ... and if I have no history with you and you have little to no history in the industry, the risk would be considered high.Sometimes these folks will ask for up-front processing fees - a HUGE red flag as there is no need for any lender to ask for up-front payment.