If the locations turned negative, Dollar General never exercised the option to extend, and if the location remained good, they built a larger store across the street.  

.: thank you for the quick response The other concern i had creating an holding llc like WY holding the  TN llc is the franchise amd exercise tax.

@Wynn Williams You could buy it subject to the existing mortgage, but I'm hearing about those due-on-sale clauses being exercised often now.I would structure it as a lease with an option to buy.

State by state is going to vary, but general rule: if you still had contingencies intact, you should have every right to exercise those contingencies.

This is a very fluid exercise and SHOULD be done frequently so that you know you’re making progress and can shift your goals as life develops.

It's like asking whether you can lose weight if you don't exercise.

The rent to price ratio is an interesting artifact of this exercise, but it doesn't tell you if something will be profitable. 

Quote from @Don Bessette: I have a 30 plus year tenant that can not keep up with maintaining their unit, it is filthy inside and in desperate need of renovation, all systems are in good repair and I respond very quickly when issues are brought to my attention.It is also well below market rent, and they struggle to pay the current rate.Looking for suggestions on how to gently proceed with the notification to move. 

Account Closed In that case, the option fee would not be taxable until the option is exercised or expires.

In return I get a lower lease with a 5 year term before I could exercise a purchase option to protect my investment.