FL courts have considered options as sales, so will the feds this year, and under those issues, not only does the buyer get their money back, you may end up giving rents back as well or just give them the property.So, if I were you, I'd look for ways to extend your contract, keep it as a true option written by an attorney and understand your tax position if it is deemed an installment contract.

@Darrin Cravens We're in northeast Oklahoma, so we'll be looking at properties in that area (from Muldrow to Sallisaw, possibly extending into the McAlester area.)

Basically, each part of the 'drive' that extends through someone else's property technically belongs to that property owner.

That said it is my understanding is that by entering an extended P&S you are still in a buyer seller relationship as opposed to a tenant landlord relationship.

My buddy got stationed here and got extended for a total of 6 years here.

I have a fairly detailed lengthy lease but the tenant is extending by 1 year..so just wanted to see what to put there.  

Can you afford to inject large amounts of capitol when required and sustain the property during extended vacancies.Worse case scenario are you cash heavy enough to carry while waiting for a end point to decide to sell.

I don't want to extend this drama any further and complicate things as I will lose valuable summer time in showing the property to potential tenants. 

They are also extending Apollo Beach Blvd thru to Waterset subdivision and eventually to 301.

The 2nd reason it is important to select a short sale experienced Agent is that the Seller can accept your offer just to extend their free stay at their home, without regard to your time and efforts.