They would typically have 2-3 years max to exercise the option and build if all due diligence was suitable. 

If you are taking action daily, and there are things to do most days of the week, you will have questions many of those days as well.

Some people like to have separate bank accounts for the same reason people setup their personal savings (eg daily account, rainy day fund, emergency fund, savings fund...).

Unless there is something in the option to purchase agreement stating otherwise, you can exercise that option at any time during the option period.

You may save a few thousand in commissions but you also may cost your family a few thousand in not being versed in the market daily.Feel free to ask any market questions -- I provide data daily to my clients!

I work with investors like yourself daily to find investment properties in the kc area. 

I’m an insurance agent, and lien holders call me daily to verify coverage on both Auto and Home Owners policies.

I won't be as plugged in as the agents overall but as an local investor I'm perusing the small multifamily listings daily still, so I'm pretty confident in knowing what is decent value for a duplex in Mpls, for example. 

CT is a good house hack market and I work with clients daily executing the same strategy.

Inventory is less and prices rising daily.