Once the permits have been gotten, the buyer will exercise their write to buy the property for $500,000. 

I start with water, coffee, prayer, scripture reading and then BP journaling before getting in some exercise, usually have 4:30-6am to get that in... plenty of time! 

Initiative and exercising patience.

Does anyone have a sample of a request to fax over?

The lender can exercise the "due on sale" clause if the name(s) of the buyer are not the same name(s) as the members identified as the owners of the LLC.

When looking at purchasing an apartment complex it is essential to put together a detailed deal package document that you can present to an investor or a banker.It is helpful to first take a look at a sample deal package.If you take a look at a sample deal package that has been put together by one of the larger brokerages you will see that these are serious documents that can be around 25 pages in length or more.The document can begin with photographs of the property that you plan to acquire.It should also include a confidentiality statement.This should be followed by an executive summary which introduces your company and states precisely how much money you are asking your investors for.

Here's a quick sample: https://utopiayouarestandinginit.com/2016/11/28/bomb-damage-or-rent-control/But you can (kinda) get away with it in really expensive markets, at least for a while, unfortunately.

Since you'll be out-of-state, possibly your realtor can set you up with someone who can be the "project supervisor," provide you a work schedule, estimate the costs, provide samples, and also complete most of the work himself/herself. 

If after the year you choose not exercise the option, then your worst-case scenario is that you just rented for another year... not that bad.

The tenant is moving out and not exercising the purchase option.