@Jack Ventura if you transfer to an llc typically that will trigger the due on sale clause they don’t have to exercise it and probably won’t.

I want to exercise my rights and end the partnership.

Believe it or not, I had no idea how little I know about the services or environment in my own area.Writing this down has been an excellent exercise.

Would like to re-assess needs and coordinate, augment, and/or eliminate these various policies.Curious who has done this type of exercise and how they selected an agent that could do it all. 

I am going through the same exercise now, as I have a rental I want to sell contract for deed on a five year balloon.

It isn't a taxable event for you until "if and when" he exercises the Option.

The title is then in your name until he exercises the option (if he ever does).

The lease payments do not go towards the purchase of the house, so renters still need to be able to save money and qualify for a mortgage if they exercise the option to buy.

@Kalin Stocker, I had that negative cash flow for 36 months on a Lease Option... tenant-buyer said he planned to exercise early, but waited until the very last day to close!

And if not, I could exercise the owner financing extension.