Definitely a worth-while exercise.  

Our guy, who ultimately played the role of a deed buyer/wholesaler had purchased the deed from the son and recorded with the county.  

Huge difference.Get in writing exactly what your role and responsibilites will and will not be so there are no misunderstandings later on.

I think the access ramp is also playing a role.

Now the tenant doesn't want to exercise the ETF by giving me 30 days notice, rely on landlord exercising "reasonable effort" to rerent before the next 1st of the month and basically seamlessly walk away w/out having to pay fee or additional rent before the next tenant moves in.

I have a property in Eastlake area which is a 1bd 1ba 630 sq feet condo.My next door condo (same specifications) sold in July 06 (3 weeks ago) for $270ish.I talked to my agent that helped me buy this home and he broke down the fees to be 6% commissions, and 3% other fees (exercise tax, documentation, etc.)  

@Andrew Spencer No, you can't refi a lease option because you're not on the title until you exercise your option & purchase the property.  

Real Estate has been a hobby of mine for the past ten years, and I am now moving into a more professional role.

I am a SFR buy-and-hold investor. Even so, the podcast has me intrigued to read about all sorts of deals. So when a friend expressed his displeasure with his apartment landlord, it got me asking questions.Now I'm curi...

The man himself, Grant Cardone, im sure most of you know who that is, me and him have talked before as well as message each other, he is my biggest role model and says i inspire him since im in real estate investing at such a young age, he always is quick to reply to any message.