Is it 1 year, 2 years, 10 years how long does the buyer have to exercise there option.2.)in one of those threads someone stated that most tenants never exercise there option they just rent.

As long as the funds are being used for any investment you be may able to exercise that option.

Here is an exercise you can do for free.

It also gives me chance to exercise some syndication approaches (another idea that I picked from your podcast with Michael Blank)So for a touchy-feely answer, look into yourself and find out what you consider fun and implore what kind of RE investor you want to be 10 or 15 years from now.

He walked away.On that one, I had to exercise the assignment of rents clause in my deed of trust, take control of the property rents, negotiate with and bring the senior lien current and continue to service it, and arrange for management takeover while I finished the foreclosure.

And it looks on the surface to have some great potential, so I would like to investigate this property for real, not just on a paper exercise.  

If I do something "wrong" you can feel free to point that out too, but as I said this is first and foremost a learning exercise so don't snicker behind my back ;) Stay tuned!

This was more so an exercise in learning and critiquing my logic and process but hey, if I can make the deal work, all the better!

It is NOT a beginner exercise.

We like this method for several reasons, 1) we are staying focused on the area we want to invest, 2) we get to know the people in the neighborhood and build relationships with them, 3) we see how every house changes over time so we can identify the ones that are starting to have problems 4) we get to spend time as a family exercising and working on the family business.Your second question, ask the neighbors and talk to the city.