If I don't exercise my option I lose that.  

We understand that our role as a property manager is it gets you the best return on your investment and minimize your risk as a landlord.

Signage is always nice, especially with frontage, but population density and competition in the critical 1, 3, and 5 mile area plays a far bigger role in deciding in a purchase or a development is "right."

What is your role in the transaction?

If the price drops the buyers  will not exercise their option. 

My question is what is my role as a landlord in this situation?

The roles in any and every real estate deal are (at least)- Dealfinder- Money- ExecutionIf you don't have the funding OR the loan-ability, then you still have 2/3 roles left as options. 

My suggestion to you would be to exercise patience and make one investment at a time.

He's my opinion regarding this issue, as I've written on other posts;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.

Figuring they weren't able to make the rent payments, they're not going to exercise their option, so you now have the property free to do another LO agreement.