`(g) Appraisal Independence- `(1) PROHIBITIONS ON INTERESTED PARTIES IN A REAL ESTATE TRANSACTION- No mortgage lender, mortgage broker, mortgage banker, real estate broker, appraisal management company, employee of an appraisal management company, nor any other person with an interest in a real estate transaction involving an appraisal in connection with a mortgage insured under this section shall improperly influence, or attempt to improperly influence, through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, nonpayment for services rendered, or bribery, the development, reporting, result, or review of a real estate appraisal sought in connection with the mortgage.`(2) CIVIL MONETARY PENALTIES- The Secretary may impose a civil money penalty for any knowing and material violation of paragraph (1) under the same terms and conditions as are authorized in section 536(a) of this Act.

I think this may just be one of those houses that are just an exercise in learning, which is fine.

From what I have read and heard the seller can still actively market the property to other buyers until you exercise your option.

You are also exposed to the due on sale clause which I know people say is never exercised by lenders but I know first hand that that is not true.

If the tenant stays then that will have to be worked out in the deal.Once you get the prospective buyer, you can discuss the length of the exercise period and the exercise price.

This may induce the owners to feed a negative cash flow (difference of Market Rent and PITI payment).42.

When the end buyer wants to exercise their option, you exercise yours too.

But, you will ikely have this happen, if not before he moves in, then after a few years when something happens and he decides not to exercise the option to buy.

You are looking for a win-win relationship, not just a futile arithmetic exercise based on splits of mythical commissions that haven't been earned.Only in real estate do complete beginners walk into job interviews armed to the teeth with "what's in it for me" questions for their employer.

Telling the landlord that you will exercise this option to Lease Option when you find a tenant.