what ever you do make sure to do your due diligence and verify every dollar, stipulate the terms (years) of the Lease if your going to have any of the option money go toward the  principle amount, the amount of intrest you will pay him suggestion 5% make sure you have a couple of exit stratigies like contingent on if it passes the inspection when it's time to exercise your option .hope this helps Robin

However, the taxpayer must be exercising independent judgment and not simply ratifying decisions made by a manager.

I want to know how to turn that mindset around to a "alright, I'll think about it" result or better.It will be an interesting exercise, for sure. 

Generally speaking, it is always a good idea to exercise "due diligence" in investigating these kinds of business interactions.

A tenant is still a tenant UNTIL they exercise the right to purchase AND then close. 

Odds are the tenants won't exercise the option and then you'll end up with a higher mortgage to support at the same rental rate.

A good exercise for me though as I evaluated the opportunity.

The tenant has 2 years left on their inital lease and have not exercised any of their 5 year options mentioned above. 

There are requirements that some debris must be in approved containers under the supervision of licensed contractors (even in the approved container is two plastic trash bags in a cardboard box with taped seals).If you have a house/structure to get rid of out in a rural area, your local fire department may solve most of your problem with a training exercise burning it down.

Chris, a good way to devise an option for this is to look at a purchase contract and take out the default provisions, inspections as there are no improvements as well as insurance matters, set a price at each lot.You need to state how notice will be given to exercise the option, time period to close each sale.You'll have title work, settlement, accrued taxes.I would state a significant option price which would be an amount included in the price for the sub.