If you obtain letters of interest, you can exercise your option.

Nonetheless, I implore you to do an exercise.

If Borrower wishes to exercise this option to extend, Borrower shall notify Lender of Borrower's intent to extend in writing prior to the Maturity Date.Security for Payment: This note is secured by n deed of trust of even date from Borrower to Doc Prep 911, Trustee, both of which cover the following real property: Lots xxxx, City of xxxx, according to the map or plat recorded in xxxx, Map Records, xxxx, Texas.

Or apartment owners unrealistically view EV charging as a revenue source, though the margins are just too thin.On the ground EV charging for multifamily is practical, even in retrofit, it's just not simple as there are so many options and tradeoffs.  

After that, you assign the option and they exercise the option. 

Is that standard practice from the research you have done?

I wanted to reach out regarding a serious matter involving Jay Tenenbaum (and Seth Gershberg his partner), as I know you are an servicer/educator and wanted to make sure people that you surround yourself with don't fall victim to his bad business practices.

That might not be a bad practice - I don't know if there's a template for that. 

My primary focus is on Wholesaling and Rehabbing in NJ and PA area.I’m eager to learn more about strategies, best practices, and the challenges of real estate investing, especially from those with experience or breaking into the market.

You also need an attorney that understands real estate practices.