We have seen other deals where the school leases for 7 years and then has the option to purchase or they can extend the purchase date for another 7 years,  Thanks for your help and direction.P.S.

Check the lease, does it have a pet clause in it?

No the lease does not state how many housemates they could have.

I get $25k down nonrefundable, above market rents on a Lease Option, let them do all maintenance and repairs.

He would like to sell his buildings, but doesn't want to incur capital gains tax, so he proposed a lease agreement to my brother: my brother and his partners (i.e., the 3 of us brothers) would lease an entire building from him and sublease the units and pocket the cashflow.My older brother put me in charge of doing the business and accounting research, so I started at our local library and quickly found Brandon Turner's books, as well as this website and podcasts.

@Jess Sandoval read your lease.

One will be for our business and the second comes with tenants on a 7month lease.

if i have a 7 year sandwich lease with a home owner and i do a 2 year lease option with a tenant, after the 2 years is up and they choose to buy the house. when i get the money can i immediately pay the home owner off and keep the profits or do i have to wait until the 7 year lease is up to pay off the house?

If so, how do you plan to update the lease terms?

I would state in a lease that the bedrooms in the basement are non-confroming.