Here's the part of her plan that irritates me: She's selecting the tenant/buyer for you with the intent that they will not exercise their purchase option, but she wants you to split the option purchase price with her because she found you the tenant.

I would like to exercise this on larger investment apartments but figured I probably should start smaller.  

You run the risk of having any due on sale clause exercised, but that is a relatively small risk, historically.

Only got title and 'bought' after exercising the option.  

Also if they exercise regularly, they may shower at the gym as much as they do at an off-campus house.

I too am irked by colleague requests arriving without a formal introduction ... let alone one which help my aging grey matter figure out a the benefit of such a connection.I have chosen to simply ignore the requests until they go away on their own ... but, perhaps that's being a little too passive {honestly, I was trying to see if BP has a built in expiration feature for an unanswered request} and I should join you in exercising the Deny button.So, Hattie, seeing as we hold a view in common ... wanna be my friend :-)

@John Leavelle,Your look at this exercise from a wrong perspective :-)Forget the list price.

He said it was fine and asked for me to put in a the contract that he will also be marketing the property and if he finds a buyer, we will give me the opportunity to exercise my option to buy and if I don't, move forward with his own buyer.So it looks like it is all working out.

This way I can exercise my option and back out of the deal without losing my earnest money.

Part of this exercise will be developing your strategy.