If the property changed hands once then the person who owned the right did not exercise it and it's gone. 

Also, they may offer discounts on rent, welcome large dogs, have multiple pools, extensive exercise facilities, etc.

If you have any questions or would like to exercise your options through these programs please feel free to PM me.    

I assume you are going FHA because you are going to live there, you can't put it in an LLC for an FHA loan.Some smaller banks who hold loans will allow you to transfer to an LLC without exercising the due on sale clause. 

I could give you one but I think a better exercise would be to develop your own. a huge thing in real estate is being able to sell yourself.

I don't mean to be rude, but that is the same excuse people use to get out of exercising...  

There is a date that you have to exercise the Purchase by (usually).

(Both are stress-inducing and strange considering they don't mimic the residential market, so be prepared for that).

I think this was a good exercise to try on the BP Calculator either way.

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.