Take over payments immediately and offer her debt relief (Subject To)3.

Sellers Can Get Debt Relief The key factor to getting most sellers to do a Lease Option is debt relief.

Now I have two rental properties in the Memphis area.I was not able to travel to and personally walk around and inspect this purchase but I do anticipate being able to do a drive by in a few months and with everything going to plan also inspect my third investment property.Going with turnkey investing at this point has allowed me to put some time into learning more about taxes, legal, and probate avoidance.What I am getting out of the research... having not yet spoken any professionals except CPAs... is that: California is a crappy place to try and start a business.Using legal entities is a personal choice but if you are going to do it there are tax efficient ways.While one LLC per property may be an ideal scenario from a liability protection consideration, it may not be cost effective and grouping/clustering houses in some way (such as by location or by value) may both mitigate your risk and provide some financial relief ($800 per LLC in California).I have more interviews to do but I am leaning towards:1.

(Taxpayer Relief Act of 1997created IRC Section 121)Thus the likelihood of making the cut is slim.

I didn't know this when I drafted up my contract - if I did, I could have received substantially more (up to 4% = 10.6K) back in debt relief.

Sigh relief........ :0)

Loans made in NC to entities secured with a deed of trust have some regulatory exemptions that provide relief for people or businesses not in the business of lending an opportunity to lend.

It certainly is not as easy to justify as the pitch may sound as clearly a Borrower enticed to make X on time payments  say for the purpose of some principal forgiveness or interest rate relief might do so only as long as needed to avoid any immediate default remedies such as foreclosure.  

@Matthew Schroeder while the number of units being constructed is quite large and incentives are being offered I don't think it will translate to much relief and here is why. 

That is my offer to them, debt relief, and credit protection.