This section shall apply to a purchaser of such a dwelling, or a beneficial owner under any business organization and it's sisterEquity Stripping"Equity stripping is exercised against homeowners facing foreclosure.

As owner of the property you would have a lot more options than just hoping you could exercise an option three years down the line.

They can only exercise the option if they are occupying the property within the 3-year period of time.

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.  

This will obviously take more effort on your part but in the long run, the exercise will be a valuable lesson for future calculations.

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.

.: 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.

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.