BillNow what idiot is going to buy subject to the option unless there is very little chance of the option being exercised, and even with very little chance there is some chance.

I will give a seller concession for closing costs at exercise (vs 'purchase credits') declining the longer it takes them to buy. 

The example property that I choose for this exercise is linked in the spreadsheet, and also here:https://www.zillow.com/homedetails/301-Christopher-Todd-Dr-Moore-OK-73160/21724583_zpid/?

I'm not going to spend the time going over the numbers, but you're better off financially if you cash out equity and reinvest it in new properties.Here's a simple exercise.

It's a good exercise to go through to talk to banks and learn about the products out there.

Make sure you maximize your time with door hangers for the houses that don't answer.I remember how we used to fight over the houses that had christmas lights still up in the middle of summer.....lol, they were usually lay-downs.Anyway, it's great exercise and a good way to obtain top of mind awareness in a market area.

There is a great exercise I once read about in an article by Tom Hess, a guitar guru (I'm a pretty serious guitar hobbyist in my spare time) who writes a lot about goal setting.

It's also easy to see HUD notices on the door as well when you are going at a slow speed - and I get much needed exercise!

Has anybody heard or actually experienced the lender calling the note due and actually exercising this clause.

On the plus side, your goals are an ever changing exercise in the REI world.Sometimes your goals can be achieved through various means towards the same end goal.