Option fees are NOT taxable until exercised or extinguished.

Exercise or develop a relationship with a local bank, and if they say no find out why and move on to the next one.Best of luck!

@Patricia Steiner provided the link to the relevant change, which is specifically that:1) NO, you still cannot close the purchase in the name of an LLC and get a freddie/fanny mortgage2) YES, it is fully allowed to transfer the title into an LLC if you have a confirming mortgage and they guidance they provide to lenders is that they are not allowed to exercise the due on sale for this, provided the LLC is majority owned by the same person/people that were on the title when the mortgage was originated.so this is no longer a game of 'can I get away with this, since most people seem to be able to'.

I had a client go through this exercise and learn she would be saving about $600/month on taxes (we are in Los Angeles). 

Before you exercise your option you should get the bank's consent to the sale. 

If things are going smoothly, and we want to renegotiate terms with the seller, we may exercise our option and keep this in place for another 5 years.

Over the last couple of years social media influencers have ran with my brand as a term/category of real estate... much like how CrossFit is both a brand but also created a type of exercise.

I write a letter and just state how long the client has been in business and include this disclaimer.As you know, a credit decision, or any other determination for which this information might be used, should be based upon the exercise of due diligence in obtaining and considering multiple factors and information.

The two parties either agree on a purchase price at the inception of the agreement...or the buyer may agree to pay FMV at the time the option is exercised.

There is no magic source and unless someone has a true pocket listing (which means you are shooting offers at possibly hostile buyers) then the hype about paid services is BS...maybe for non multi or really big ones or something its possible...but I find it suspect...why would someone wanting to sell try to keep people from knowing about it...sure it happens sometimes but for the most part do not buy the hype.ALLWAYS be looking...the exercise is good as it makes you better at valuing anyone deal and that's how you catch stuff.