Just as an exercise, if for right now. 

I'm treating this challenge as an exercise to expand my knowledge base as an amateur investor, not a professional.

There is also some confusion, when it comes to certain professional roles.

I am aware that the HOA plays a big role in this too.

Note with an active role or the right market this is not the case. 

@Pablo R. this is the template we give o all tenants in this situation: https://drive.google.com/file/...Your tenants are month to month...so, the new owners can keep them or issue notice of non-renewal...this is per Ohio Revised Code and notice must be given at least 30-days prior to the rental due date (nobody ever gets this timing right and usually ends up violating tenant rights without knowing it)A standard due diligence period should be in place...this is really a check list exercise...the buyer would typically request financial records and leases for at least the last 12-months- this is pretty standard.An estoppel may be executed if they are using a lender, but not always...these aren't normally part of the transaction on small MF.The rental agreement stays in place, but can be replaced by the new owner with a new lease for term...or amendments could be added for rental increase...passing utilities back to tenants, etc.All things constant, just do what you have been doing until the property closes...your duty ends when the property sells.Here is the 1-pager we use to guide a buyer through due diligence: https://drive.google.com/file/...Let me know if you have any follow-up questions and best of luck

I'm comfortable with wholesalers, after spending the last 3 years managing a wholesale/flipping operation before my move to this role.

The agreement says that I (my corporation) has to be the one that exercises the purchase option.

Remember, you now also have two roles.  

You can establish a great team to have a good starting point in a market to then go on to take a more active role in a location if that is what you interested in doing.