If you're $400 below market rate I'd give them chance to "catch up".

I’d love to get more details about Option 2.

Now I'd like to sell.I originally wanted to put apartments or several houses, but not anymore, cuz I want to do more hiking, biking, and Netflix-ing, and less scheming.So do I sell as a rental property or as land?

I'd guess half of this final third eventually sold, even if several years later. 

Here’s what I’d do.  

If you could buy 15 houses a day, I’d be happy to write 15 offers a day.Your entire post is still completely irrelevant to the original question.

Imagine getting 20-40% off many things others have to buy with post tax $’s.Don’t forget that “stepped up basis” if you have any heirs.

I'm open to deals that need rehab but I'd rather find something that's up and running and that may only need minor fixes or rent increases.Do you have any property like what I'm looking for?

I'd love to meet him, he really does seem like just a great person. 

I’d love to hear more about your goals and how you’re planning to apply your expertise to real estate!