I have run a ton of buy and hold analysis daily, only found a cash-flowing SFR rental closer to the city limit is almost next to impossibility.

Also, the seller may refuse to sign the closing docs and actually sell the property to you when you exercise your Option.

Literally I'm learning something new daily in reference to real estate. 

Also, do you charge a daily late fee after the initial late fee?

They could prob be getting closer to 1750/2000/month for the 2 bedroom units but use $6k/month for this exercise.  

The court first noted that a taxpayer may establish hours of participation in a real property trade or business by any reasonable means.18 The court further stated that this does not require contemporaneous daily reports and that reasonable means includes “appointment books, calendars, or narrative summaries” that identify the services performed and “the approximate number of hours spent performing such services.”Nevertheless, the court also stated that it was not required to accept a postevent ballpark guestimate or the unverified, undocumented testimony of taxpayers.Note: The court also did not count any hours for seminars because it found the taxpayers did not present evidence to show how the seminars related to the residential rental activities

I will look into FHA loan Try to exercise those other options first.

This is an ever changing industry - laws and documents change daily.3.

@Michael Snowball I totally agree spend your energy on deals not daily management of your properties.

And with the news and information changing daily.