Your exit cap rate depends on so many different factors that it is quite tough to guess at what it could be.

I'm looking for some advice on Sub To, Seller Financing and Lease Option (exit strategy) paperwork/contracts/disclosures.  

How do tell when to just "let go" vs attempt different "exit strategies?"

This is equally important to the dumpster to prevent mold/mildew, etc.All exit strategies back on the table.

Shawn ThomThere's several exits to consider:1a.

Exited to finally create a username and profile to contribute to the site.

What will your exit strategy be?

Look long and hard at such ventures where your money is at risk and your exit is limited.

No experience along with not having thought out the exit plan throroughly and my risk goes up as do my need for a higher return/reward.

And to add to what Jeff S said,When you decide to lend on a property, comfortable that you would want to own it, figure out your own exit strategies should you end up with the property.