In none of these cases has the IRS exercised its right to redeem.  

BUT you want to help support them and their business as much as you can and so you will be looking for a long-term tenant to take their place and if so, you will be exercising your own 60 day notice to vacate.

Many times the competing units in the area will lack that attractive detail, which can stick in the minds of prospective tenants and create a slight competitive advantage.I'd recommend exercising your own intuition to find the renovations most suited to each property and area.  

I get a good night's sleep, wake up early, exercise for 15-20 minutes (gets the brain working), then casually review the material before the test.Don't sweat it.

So, even if it first goes into escrow, it needs to be released to the seller and cleared thru his/her account in order for it to also count as a down payment, if and when the buyer exercises the option.  

Agrred, they have an option and they either exercise it, or they don't.  

@Ryan McElroy PMs don't exercise leadership.

Then when the good deal comes along you exercise your line of credit and the cash goes into a bank account, use the bank account as proof of funds and get write the cash offer.  

Searching for a decent multifamily has become a fruitless exercise.

This should be a relatively quick exercise.