You start with a purchase and sale agreement and reduce everything to writing.

If I understand correctly; the seller would receive 80% ($40,000) directly from the mortgagee at closing and would enter into a personal agreement with me for the 20% down payment ($10,000) in which he would be reimbursed separately from my mortgage payments at a separately agreed upon rate and term?

why not just list it with a realtor for a short listing agreement, like three months.

Even if they are not elderly or disabled, the court can grant them some time to move (or actually you can grant it as part of the court agreement)Everyone is having a hard time trying to find something affordable.Bottom line, give the proper WRITTEN notice asap to get the ball rolling.

If you have a 1099 with someone and hire them you should be paying them unless your agreement and contract is with the church. 

You could form an LLC and have the operating agreement that allows your boss to require you to purchase his membership interest (or allow you to purchase his) in a given time frame.

If they are only helping secure the loan without contributing funds, compensation structures vary widely based on your agreement.

I am curious how many investors had an attorney review the agreement, the note and reviewed the asset/property?

You can put an agreement together where you capture any depreciation (if your tax burden is higher than hers) rather than split 50/50.

If no agreement is reached, the project becomes ineligible for SB-423.