I have done a ton of research and spent quite a bit of money getting consultation from lawyers and CPAs over the past few months on how to do this correctly.

@Todd RohnEither way, I'd get super familiar with the California landlord/tenant laws, or have a lawyer that's in your corner that does know. 

It is usually better to have a clause for the destruction or return of information in the NDA so that if negotiations fail, the sensitive information still stays protected.ConclusionThe law covering NDAs is complex, so it is always good to review it with a lawyer before signing.

decent lawyer will shred him in depot.. was he lying then or is he lying now.regardless I can see 7 figures going out for legal defense and or more if he gets criminally charged. and he better have paid his tax's  LOL that's how they got Capone as we all know. 

If you do sell on your own I always suggest hiring a lawyer which will charge hourly regardless of if the deal goes through or not.

It would look like a single collateralized loan to the property, where each investor gets a prorated return (and right to the collateral) and still receives a 1099 as a lender.I know I’ll need to work with a lawyer to set up, but I’d appreciate any help to point me in the right direction.

We spoke with a lawyer who advised forming an LLC to purchase the home to protect our personal assets.

I do not care the profession, from doctors to lawyers, if the professional produces quality results,  they get to charge more as they should. 

I'll run these by my lawyer, customize for my business and for NC, and fire away  :)

@Lee FalconCall a lawyer and start the eviction process.