Seller Financing my Airbnb in order to retain STR Permit

[Mark Huneycutt]

I have a successful Airbnb in Nashville that I have been trying to sell for over 4 months now. The problem is that I have a STR permit I have to renew every year but I am grandfathered in to the laws from 2019 when I started it. Due to changed County laws, as soon as I sell it, I cannot transfer the permit to the new owner and they can't get a STR permit so they can only Airbnb for a timeframe of 30+ days. This makes it harder to pitch as a successful airbnb although it grossed $88,160 so far this year. I spoke with someone about a quitclaim and seller financing it in order to continue the permit in my name. Does anyone have any knowledge on this process?

[Steve Vaughan]

Quote from @Mark Huneycutt:

 spoke with someone about a quitclaim and seller financing it in order to continue the permit in my name. Does anyone have any knowledge on this process?

The someone you spoke to is an idiot.   You don't quitclaim anywhere in the seller financing process, at least until you are paid in full and grant a deed. 

A quit claim means you relinquish or quit all claim, right, title and interest in everything, including your permit. Wholly sh*t that's horrible advice.

Just lease option it.  Your tenant buyer / optionee can lease it out as an str or sublease it or whatever.  No ownership change and very minimal headaches for you.

Unless you need the money or need to sell now.  We don't know why you want to sell it in the first place.