As an alternative, you can probably insert an early termination fee amount so it provides flexibility for the tenant to leave without having to deal with subleasing issues; however, you'd have to consider worst case scenario: Tenant exercises the early-termination option in December, which places you in a tough situation as a landlord in the Chicago area. 2.  

With a few month's before some note's expire they send notice unto their regional lender inviting lender into a negotiation of consideration because there intentions are if a mitigated arrangement can not be meet, with market rate offerings on debt not tenable, there going to walk away and exercise strategic default. 

I think you’re ready to buy my apartment building, now.Thought exercise: You can sell the house, bucket included, for $1M.

I believe financial gain has similarities to exercise. 

It might be a good training exercise at least running the numbers on some of the properties on the list. 

Lease option is also a purchase program, but the tenant can choose to not exercise the option and walk away. 

There are plenty of locations that fit the rule, trying to force the rule on a location where it doesnt work is an exercise in futulity.

Put your popcorn away because for now I am exercising the Lincoln Leadership method. 

Josh - I think the exercise that would be good to go through is to develop a pro forma showing your current revenue/expenses/income as well as a projection for future years.

To me, you'll have to try 2-3 months and run through an underwriting exercise of a building/properties about 10 times on each one to understand the true pros/cons of each model.