He did get 7 years of “free use” tell the buyer how much they can buy the two other parcels for and see if they want you to exercise the rights for them before the properties sr epermanently lost.

I have had protégés that have not put forth the desired effort or ignored assigned exercises.  

@Olivia TaittHi Olivia, if you want to go down that route, I would do a lease option for 24months and ask for $330-350k with a down payment (up to you, but nothing less than 10k), and the rental for $3,000 monthly, or something close to it. if that person don’t buy it in the end of the lease, you still own the proper and that gave you enough time to save some money. keep in mind that they can exercise their option at anytime.

If you have not read Anthony Robbins book awaken the giant within, you might want to think about doing that, and doing the written exercises in the book.

As I stated above, please exercise caution and make sure fully executed documents are received prior to wiring funds.

Life's just not that simple.I really hope this is all a tall tale, an exercise in make-believe for you, and your parents aren't really making this choice.

Additionally, I collect a $3900 - $5900 option fee which helps lower the amount that I personally leave into the property and if there is a turn over and the tenant buyer doesn't exercise the option, and there needs to be repairs made to turn the property over, I usually recoup the cost of those repairs with the next option fee of $3900 - $5900 from the next tenant buyer. 

After the reno, when presented with the contract of $160,750, none of the owners exercised the "first right" and we closed on sale.

A wrap does NOT remove the risk of a due on sale clause being exercised by the 1st position lender. 

A builder is held to be under a duty to exercise a degree of care which a skilled builder of ordinary prudence would have exercised under the same circumstances.