It's god practice to pay IRS soon as profits hit your bank account. 

-Move money to stocks - relatively cheap now-Financing balloon (they either need a new loan or have to sell - and a new loan may not be practical)-Upgrade - perhaps they've gained some equity recently and they want to redeploy that capital to a larger building and take advantage of the economies of scale

Technically, it may be exercised if the property transfers to another person or entity. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

The tenant paid on a monthly basis until exercising the option to purchase.  

I’m always looking to connect and network with new people sharing ideas and best practices.

I have been running deals for practice.

.- Hedge against the ever worsening economic and administrative conditions impacting physicians practicing in the U.S. - Be a role model to my children of financial diversity/independence, thoughtful risk taking, willingness to fail, learn, and fail again, growth mindset, and entrepreneurship.

Practice your pitch!