By accepting this premium, you are obligated to sell the property to the option payer under those conditions should they choose to exercise that option.It's really no different than stock options. 

To sum it up, it's really an enhanced form of arbitrage where you use a line of revolving credit to pay down big chunks of your amortized home loan.

Yes, you CAN use leverage to enhance your profits and control more properties, but to say "you'll always make more profit by using leverage" ignores negative spreads between asset yields and debt costs and always assumes assets will appreciate.  

@Daniel MillsWe've almost never sold a property with boarded up windows, but I view boarded up basement windows as a permanent enhancement, not a temp situation.Windows above the basement are a totally different story and we would remove the boards to sell unless we are flipping totally as is and need the boards for security.

And now I am hearing Fundrise is exercising some purported right to freeze redemption or withdrawals of units.

I agreed to not exercise until it hit his estate. 

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

It's a great exercise to walk thru each aspect of a potential deal from a modeling perspective to understand how the pieces fit together.  

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

In my experience, real estate investing, and investing in general is really part of a larger exercise in personal finance.