I fear you haven't gone through the exercise (or haven't led on that you have) and not doing so puts you in the dark.The 1% rule is a bunch of nonsense at this stage, and no one cares if you're hitting it or not.

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

Listen to every Bigger Pockets podcast on your way to work and home and every time you are walking or exercising.

Running numbers without the homestead seems like a pointless exercise.2.

All the hour, 2 hour long youtube videos are informative, but still don't give out 100% of the information as they are just one long teaser for some guru promotion.Also, would it be profitable and wise to incorporate yourself a profit in the backend of the L/O as well, as is done in a sandwich lease option, where you get paid when the option to buy is exercised at the end of the lease, or is it much wiser, less liability, and outweighs the risks to just collect your option assignment fee in the beginning and move on.Thanks

If Buyer chooses to exercise Buyer's right to terminate this agreement, Buyer must give notice to Seller in writing prior to the end of the Due Diligence Period."

And then you have folks with low FICO scores who, like I indicated above, just got sick, and got right with all the unexpected expenses and bills over the course of three months, but those late payments do not drop off for 5-10 years.We're handcuffed into giving out those irresponsible loans, and denying those completely responsible loans, but you as an individual landlord have the freedom to exercise wisdom and discretion that we do not.

I'll try to clarify a little:While the idea for this situation stemmed from my thinking about a real potential deal on the horizon, the scenario I proposed was an exercise for my brain trying to utilize the selling of a note as a tool in structuring a creative financing deal. 

Also, the age of the system will determine how likely they are to be interested in exercising their right to remove it (should you decline all offers).

With regards to rent, an investor who wants to vet each tenant should probably be looking for an investment where they can exercise that control.