It will cost less than $100 and will be a good, low pressure exercise for you to learn with.Most likely, in the next 10 years or so, they will want to buy real estate and will finally come clean and pay you what is owed.

Dogs that make good security/protection dogs require a lot of exercise and care.

However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law.What I think is bad is the "applicable law", what law would this be.

I find this tenant to be aggressive and believe his manner is intended to interfere with exercising my rights as a landlord.

Once negotiated into a lease, the tenant may, or may not exercise their option(s).

You're going to get your teeth kicked in once in a while, so use that to better yourself and your business and be an exercise in improving your grit and move FORWARD.Just remember, most of the battle is outworking and outlasting your competition. 

In this spreadsheet you will notice that the investor gets $20,000 nonrefundable cash option fee from the tenant buyer and collects a higher cash flow but still retains ownership until the option is exercised.

Property owners have six (6) months to exercise their right to redeem the property after sale though, and they can do this by paying the purchase price of the tax deed plus a 16% interest penalty.

Keep in mind using it should be a relatively short-term exercise especially when it's tied to your home.   

It is a little more risky though since it is possible that the tenant might not exercise the option.