My wife and I would go running for exercise and we had a chance to look at several of the neighborhoods.  

If Borrower wishes to exercise this option to extend, Borrower shall notify Lender of Borrower's intent to extend in writing prior to the Maturity Date.Security for Payment: This note is secured by n deed of trust of even date from Borrower to Doc Prep 911, Trustee, both of which cover the following real property: Lots xxxx, City of xxxx, according to the map or plat recorded in xxxx, Map Records, xxxx, Texas.

Nonetheless, I implore you to do an exercise.

After that, you assign the option and they exercise the option. 

Real estate is very similar to exercise you need dedication, repetition, and a solid diet (education).

If you obtain letters of interest, you can exercise your option.

Property management is not a joint exercise between you and them.

Or at least just getting all of your thoughts and numbers on paper (or in a spreadsheet) and mapped out over the time period you're talking about, I think would be a very helpful exercise for you.

There are some lenders that will do a DSCR loan with an option to purchase as long as they can't exercise the option for longer than one year.

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