I feel this will discipline me to make money doing only real estate and grow my skills as opposed to making money as an anesthesiologist and potentially losing it by being inexperienced and jumping into expensive real estate deals I have not yet learned the skills to execute. 

It's the negotiation, showing, accepting applications, executing a lease one of these or all is a function of a licensee.

We have never dealt with this kind of transaction.Here is what he wrote, along with sending over the 4 point inspection:"Lease with option document as executed by said tenant will be presented in person for privacy rights of tenant.Be advised, any and all executed notarized recorded wet signature documents will be submitted in event of junction to performance.Tenant/Buyer is under contract as Lease with option that could expire January 2016 "36 months" effective Jan 2014 for $40k or to be renewed for 24 additional months at $700.00 in the event of nonperformance of said option.Direct deposit on the 3rd of every month."

My first job out of graduate school was working for a 50 firm commercial/apartment complex as the bosses executive assistant.

As far as how I built my buyers list I would use social network sites, craigslist, meetups, and MLS research to name a few.My role with my current company is as a business development executive aka loan originator. 

He is a very nice and polite person, but lacks in executing aggressively, explaining the happenings in full (what the procedure is, who responded, what actions are taken from his side, time lines etc) and responding with good details (one line sentences are the norm). 

Thank you Karen I do have an executive summary of the project but I wasn't sure if I was able to post that on this site.

The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014.FHA deems a sales contract to be executed when all parties to the contract have signed the contract, and the contract is enforceable under the law of the state the property is located.

I am currently an account executive for a regional property preservation company dealing with the bid and invoicing for HUD properties, foreclosures, pre-foreclosures, bank owned properties etc.

Most do not execute on the purchase and that is ok and generally preferred.