For any borrower to have the redemption rights, they will need to give notice to exercise the right, during the foreclosure period, the option for them to do so will be of public record.

I, personally have always had a passion for exercise and recreation, so I also wouildnt mind a gym franchise like planet fitness. 

They stay in the property while paying you rent until they exercise their optionCan you  think of other ways to be of service to this home owner?

My question is this:  When I exercise this right, will the tenant be able to sue me for the cost of labor and  improvements he made to improve the restaurant?  

@James Krahula this has been a fun discussion, thanks for making it happen.Refining your model is great exercise to learn, but at the end of the day you'll just end up with a precisely inaccurate model.I'd argue that even if you do this for 50 years it isn't long term investing.

Did you exercise this option?

I may either exercise the option by buying the property or sell the option to someone else to exercise (or sell).

It says "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof".

A local hospital or community older folks/senior citizens as a place for their clients to exercise or do rehab of various kinds?

Useless exercise.