@Brendan JacksonI think going about it the manual at first can be a helpful exercise.

I ask most of my new investor clients in Milwaukee that question – it’s just a mental exercise to snap them out of the cash-flow-exclusive thinking and show that there is a bigger picture.

In return for "valuable consideration" paid at the time the agreement is executed, the option holder is free to exercise the option to buy or not while the agreement is in force.Shifting the discussion to him preparing an option contract rather than a modified P&S may help to avoid having the discussion go in circles...

I value education because it is more than just a piece of paper you get.It is the ambition the discipline, it is aiming high, and your mind is like any other muscle. you need to exercise it for it to grow bigger and stronger.Hell I am crushing it in my market BECAUSE I am a NASA caliber robotics scientist.I became a master at SEO because I see numbers.

So going after tenants that can't pay is a fruitless exercise.

It is the owner exercising their right to terminate the rental agreement.

Industry observers say consumers see bikes as an alternate means of exercise while gyms are closed, an antidote to “cabin fever” and a form of transportation that avoids mass transit crowds.

You are not obligated to purchase the lien for all 3 years on that case, you can purchase only one year and whoever buys the consecutive years will have to buy your lien out before they can exercise their right to foreclose assuming the lien is never payed by the owner. 

Some of the properties I sell as Turnkeys to out of state (California) investors who sometimes use CA LLCs while other properties enter my personal inventory until there is sufficient equity to do a refinance and pull the equity out.Occasionally a Tenant Buyer exercises their Option and I use the proceeds to purchase another couple of properties or travel depending on my mood.

Anyway, use this opportunity as an exercise to prepare yourself for the real deal.