I'm 31 years old and I work full-time asa physical therapist and I live in Winston Salem, North Carolina.

@Puja Shah lots of good adviceand just something so think about here: “never exercise the option early”great candidate for a LOC with a local bank.

Thank you all for warning about getting the wife on board and possibly making the physical structure to work out   

I think as long as the owner suspects illegal activities are going on in the house that they could exercise their landlord right to inspect the property as frequently as they see fit.

It sounds easy enough with having two contracts and I'm sure some renters just won't exercise the option when it comes time but to the landlord that isn't necessarily the worst thing. 

Also would I be able to physically split the home in half, maybe add an extra kitchen, build some walls and Officially call it a Duplex to receive more rental income when I move out to purchase my second home to repeat the process???

I take cash, Zelle and Paypal.I have Luc's physical mailing address that I will give out for $5.00 each person. 

You already mentioned the background/credit check but make sure you also call their last two landlords, call their employer and conduct move in/move out reports that they physically sign.

The lease must be in force for the option to be exercised.

I would speak to his employer and get a character/reference check from them and get physical proof of his retirement income but overall I would probably let someone like you're describing move in.