It's THEIR option, but the price is the price.They can still buy it at that price, with the bank financing what they will finance, and the owner of the option, now the buyer, puts up the difference.You, as the seller of the option, are under no obligation other than to honor the contract...which states the term and the price of the option.Notice, I only used the word "buyer" once, when the "option" was being exercised.

I definitely prefer physical work and being outdoors as opposed to sitting at a desk or in a classroom.

Notes are more liquid than physical real estate but you are still not considered very liquid.

You'll have to go down to your local courthouse and physically check each file.

As an exercise, you can explore how much of the +22.6% increase (#2 in the fastest growing list at the link you posted) was added by changing the MSA in 2015 to include a NC county.  

You need to alert the tenant that they are a tenant and you are the landlord and you are exercising your landlord rights to inspect and show the property with proper notice.

A member or manager is NOT PERSONALLY LIABLE for a a debt, obligation or liability of the LLC solely by reason of being or acting as a member or manager.(2)The failure of a LLC to observe the usual formalities or requirements relating the exercise of its LLC powers or management of its business is NOT a ground for imposing perusal liability on the members or managers for liability of the LLC. [1993 c. 173 section35; 1999 c.86 section 10.]

We were able to save money by taking on much of the physical renovations ourselves (with expertise from personal connections) and discover areas where outsourcing provided more value.

I like those as I do not have to be at a specific physical location for the training.They did some classes at Wharton in PA I went to last year and that was fun for sure.

At the end of the 3 years or whenever the tenant exercised the option we would then 1031 again.