Everybody wins

[Kathy Collins]

I have a friend who is going to buy my home, so the mortgage is in his name. I will pay the mortgage payment, insurance and taxes. My objective is to buy the house back in 5-7yrs. My question is this; What is the best way to write this up. It's not really a land contract or a lease/option. The price will be whatever is owed at the time. It's Joe Schmo doing me a favor and deeding it back to me or selling it back to me at the end of the day. How do I protect both parties to ensure that this goes accordingly?

thank you