If you don't, you could end up with a lengthy, expensive mess to get rid of the tenant.Good luck!

The paperwork might be just as if not a little more lengthy than a regular 203b.

I'm just wrote a lengthy review and it is not posting.

Will participate as much as time permits.Back in the game after a fairly lengthy hiatus.Joined BiggerPockets to meet and network with other positive like-minded individuals. 

Sorry about the Length. I

Since the transaction is not arm's length I think you will have some difficulty with the proposed purchase structure in #3.

The Property is in ____________________________ County, and is described as follows (If lengthy, attach legal description):______________________________________________________________________________________________________________________________________________________________________________________________________________Address: _____________________________________________________________ Zip: ________________It is understood that the Property will be conveyed by General Warranty Deed (unless otherwise required) subject to taxes, existing zoning (unless otherwise specified in paragraph 16), covenants, restrictions and easements of record.1.

With my contract I typically don't negotiate the price aggressively up front, I prefer to appease the sellers desire to met their individual pot of gold, and hold them to a lengthy due diligence period (120-180 days).

@Lee Salinis short sales are usually quite lengthy, and require proof of ability to pay.

Then there are the ugly ones that are unlikely, but possible: major tenant damage, a lengthy eviction, lawsuit, etc.