That gets the ball rolling.

Also it is 100% crystal clear to me that it is never disclosed to the homeowner that you will probably have to pay off the outstanding balance out of net proceeds when you sell, assuming you sell to a home buyer getting a normal mortgage, they are always shocked and aghast and insist that the solar salesman "promised" them something different, and as conveyed to me via the Realtors they want me to "look into it" (you want my magic crystal ball to help me parse the exact words of the non-binding irrelevant verbal statements of a door-to-door salesman who was speaking when I was not present?).

On Monday we were preparing to officially send over the OTP for a $160k purchase price, excited to get the ball rolling.

Whether or not the mortgagee will exercise this clause probably depends on whether or not the mortgager is making their payments.

Next time someone swears a recession is coming, ask to see the crystal ball.  

check out my post about it here:https://www.biggerpockets.com/forums/664/topics/672346-cook-county-tax-exemption-treatment-on-flipI was able to get the ball moving by talking directly to the county about my issue.https://www.cookcountytreasurer.com/contactusbyphone.aspx

Did I insult them with a low ball offer?

(some examples with numbers would greatly help)In GENERAL:- I recently saw that the exercise of the option to purchase should be done with a closing attorney. if I do a sandwich LO, what docs do I send the attorney?

@Mike Ball one thing to consider is you should have a thorough inspection done before you purchase so you can account for any major repairs prior to closing and anticipate future needs.On smaller properties $300-$500 is not much but over 100 units or more  it’s $30k-$50k so your CAPx account can grow pretty quickly but as you point out unanticipated major repairs can wipe out cashflow pretty fast so you need to do thorough due diligence in advance of closing.

If they don't exercise it until the end of the period, I get an additional $25,000 at the sale for profit for my portion.