Sorry, no experience here, but have you called Wellmade for a sample?  

You will need to understand sample properties that this works on, how much they can be bought for, fix up cost, refinance costs, etc.

And if they don't exercise the option by the end of the contract, all that money is no-refundable.

He was then able to obtain new financing and exercise his option.  

Also if i am able to do that, what if eventually the tenant wants to exercise their option to buy, will they pay me in full and then i pay the person i leased from??

So I would have to put down the earnest money beforehand, in order to even get to the point of exercising the right to show clause?

Could you post a sample of one of your letters ?

Figure out what you have into the property for total cost and than run a highest and best use analysis.This should tell you whether to rehab what is there or tear it down and build something new with the same asset class or a totally different asset class ( commercial, etc.).Additionally once you find out the highest and best use then look at the TIME required to develop that use and receive income from it or sell off.Some people will get the fire department to do a "controlled burn" on the property and use it as a fire exercise.

Hi,Does anyone have a sample purchase agreement / assignment contract?

The Cash Flow game is also a fun & educational exercise you could integrate into your life.