) WOW.......I was amazed at how friendly people were (and nosy) and how willing to chat with me.I listed and sold a property that is now the Fallston Shopping center on Belair Road, lots in Bel Air, commercial properties on Mountain Road (Maryland) and a few small subdivisions to mention a few.While fellow agents sat in the office (playing politics, and waiting for the phone to ring while on floor duty, I was out there walking and talking and getting good exercise, and getting to know people and asking my simple questions and getting leads).

If you choose to exercise your right, they cannot legally refuse.

@Mark W.Virginia is a very intensive legal state in real estate transactionsI would definitely consider getting my realtor license if I'm going to do this kind of business in VirginiaUnderstand that you can't guarantee that the tenant buyer will get the mortgage and I would have a registered mortgage loan originator look at every single tenant buyer applicationTaxation of option payments are not involved in lease purchase arrangements, they are earnest money agreements, not option money agreementsIf it was a true option payment, the money is taxed when the option is either exercise or expiresI train in leases, options and other kinds of agreements but I would recommend that if you want to do these transactions, you get licensed

I will pay off the loan if the buyer exercise his purchase agreement after 2 years .Look forward to your advice Lynn 

This exercise definitely showed me how important it is to get the cash flow numbers right.

I think it much depends on what are your short and long term perspectives.Let's see if I can put up a reasonable answer, and I also take it as an exercise for myself to clear up my ideas.If you invest for retirement and the goal is (as for much of us) having a passive income and maybe retire earlier, I think that the hardcore of our investments should be made in the same currency of the country we want to retire.

That fee is not refundable if they don't exercise their option to purchase the house.

I have never taken much interest in strategies that open up the possibility of this option being exercised.

I'm up early around 3 usually.I don't run 25-30 miles a week like I use to, but you also need to get exercise, that will help your sleep as well.    

If you think it isn't a good exercise then don't do it.