The "option" linked by Brian is an attempt to circumvent the due on sale issue, but 1. it's not a true option as it contains a contingency on performance, an option can not be contingent on any matter, and 2. there is no guarantee that a lender will buy the idea as not giving an equitable interest to the optionee.

The post does not contain enough information to understand what you are really doing.

It contains a bunch of assumptions, most of which aren't valid in your example.

The price reflects the value contained in the information, gurus simply swindle people by hype falling flat on real content.

It contains all the details about the loan.As far as terms, there is no standard.

So long as your contract contains a provision for it, you're allowed to increase the rent by a set amount if additional people stay longer than (usually) 30 days.

Don't bother scanning unless that's more efficient for you than entering relevant data into a laptop spreadsheet.Look for files containing real estate (makes sense, right?).

Always some uncertainties in their mind when there is changes in management/ownership- To learn about the tenants ahead of time and set plan of action after the close (ie, to keep or to kick them out :-))- To learn about the property that inspection might not uncover ...The first day of the close, I knock at the doors (and/or call first) to introduce myself, with the following:- Walk thru the property with tenant and note down inputs and existing issues- A nicely prepared folder containing: + A simple letter stating change of ownership with my contact info + The existing lease agreement I got from seller + A full sheet of sticker for my mailing address (PO Box).

The risk is self contained in the asset itself.

Therefore, find a good tenant who is willing to be honorable.To help make future decisions more automatic and easier, you may want to consider adding some of the payment terms contained in my lease agreements: (check your local laws for any conflicts and seek legal advice from an attorney before altering a legal agreement)PAYMENT TERMS (TIME IS OF THE ESSENCE)a)The DEPOSIT in the amount of [[$Deposit]] IS DUE ON OR BEFORE [[Deposit Due Date]].