I would just make sure that the unique living situation is spelled out super clearly for both parties.

@Timothy BoydHi Tim, I know I am late to the party, but any chance you can share your contractor's info to me as well?

Thanks Adam .This is great .Will do what both you and John suggested .I am hoping the bank uses a third party appraiser.I assume there would be laws against them using an “in house “ appraiser..I just know they’re not going to want to gibe up getting that $250 a month from us ( PMI).Much appreciated -Christian 

For the most part I am going to leave the rest completely alone and maybe sell some of the worst to purchase better ones.

@Amanda G.I third or fourth the recommendation to just go there in person and I also like your plan that you're focused on the long term.If it's an option I'd pick an area 1-3 hours from you and just start putting the time in. 

If so, is this something I can get a template of online or do I need to seek one of these documents from an attorney to then present back to attorney signed by both parties to then draft a formal contract?

Below are some items I’ve seen in teaming agreements.Ownership Interest: Clearly define the percentage of ownership each party has in the property.

@Ardin CychoszThis is where each party should get an attorneyA buyer and seller who both have no education or experience probably is not going to end well and you cannot have someone representing both of you.Get an attorney and if you cannot afford one then you should reconsider whether you can afford a home.

Additionally, nearly one-third of respondents said that they considered housing affordability a Top 3 issue when deciding who to vote for.

The crazy part is, is that I feel like these types of things are normal to find in almost any property if you care enough.