All you have is the promise to have clear title at the end of the period.

Aariff, I spent a great deal of time building extensive spread sheets to clear my head as to what option was the best for myself in the California vs oos argument.

Without those extra details my answer wasn’t super clear thanks for the additional info added

@Chad Green you could always put it in the MLS for him and not offer a commission to selling agents - make it clear that a buyer will pay any commissions owed at closing.

@Jeff Mason Your post really clears things up, would you mind sharing the company that you us for searching people with me also?  

I apologize if I wasn't clear. 

If I can do that, I'm sure it would have to be laid out pretty clearly in the lease.

so you own the property in an LLC free and clear and you are wanting to refi cash out is this correct?

The seller expressed she won't take anything less than the asking price and clearly is not in any rush to sell.

This is one thing I would think you would want to set clear expectations around well before purchasing so that you don't have to give up profits or vice versa feel like the bad guy down the road for telling relatives they can't use your beach house.All in all though I am in agreeance with others try to find anyway possible to make this happen as I have strong feeling you will never regret it.