. - Your option strike price can be set in advance so that you capture appreciation and mortgage paydown- Upon exercising your option, you can purchase subject to his existing mortgage (assuming you like the terms)- You can offer to make his mortgage payment for him each month while you lease which makes things passive for him.- You may need to find a private investor for the remodeling funds.

Has either party given proper notice to renew, or to exercise an option to renew?

Since it is a fixer-upper that is also adding another layer of risk when it comes time to exercise the option.

However, she does work with stock options and recently help a friend of mine when he exercised his options. 

I exclusively rent to travel medical professionals for a short term stay of 3 months.

It wasn't until I exercised my risk muscle by buying a few single-family rentals, and then educated myself on self-storage enough to be of value to an experienced storage partner. 

Goal was to live in one of the rooms and rent to medical professionals near the medical aurora campus.

After going through the list that they're selling off today, I found that many of the properties are in the downtown area--many within a few miles of a medical college.

That is a byproduct of looking at your W-2 (taxable income) and not fully understanding the value of our other benefits: BAH, BAS, medical, dental, SGLI, GI Bill, VA Loan, etc.

Which will fizzle that return down quick when a big expense inevitably comes up.The only turn-key place I've seen 8%+ cash-on-cash returns in my market lately has been in commercial, specifically medical condo units with a sale leaseback structure.