Your arrangement is not one I can see working out long term unless you had separate facilities & entrances on the other unit.

For those of you who may have entered into this sort of arrangement as well, any advice you can offer would be a huge help, too.

I've come across a couple of banks selling foreclosed properties through quitclaim deeds and am looking for advice on how I should proceed as this would be my first time dealing with this kind of purchase arrangement.

Hi,Question for rent-to-own pros - Who pays the HOA fee in such an arrangement, the tenant or the seller?

What payment arrangement you normally go with?

You told them you were going to leave, they counted on that and made other arrangements (i.e. renovations, new tenants, whatever). 

Lease states, "Lesee shall be responsible for arranging for and paying for all utility services required on premises" 4.

If you don’t have someone then interview a few (not at the property) and arrange to show the unit to your top pick. 2.

For our business model, we've decided not to take on any more JV partners with this kind of arrangement.

They know how to contact the owner, arrange for the owner to settle with the bank, then buy the house from the owner.