Adrien Schebott, you could always agree to subtle renegotiated terms by amending your agreement such that the tenant gets another 10 days to complete a purchase in return for you getting a property inspection should he fail to close. 

If they complain about the 45 days I always tell them we usually close in 30 days or less but I use 45 just so we don't have to amend the contract if we end up closing on day 31. 

There are pros and cons to each, don't just assume assume which is better for you.......as Ned mentioned, learn the differences first.While Articles and an operating agreement can be amended, it can be more expensive backing up and heading off in another direction or correcting aspects that should or could have been accomplished from day one, with more thought as to  what the future may hold.You're giving birth to an alter ego, unlike kids, we can form the LLC to adapt and grow in as we want them to, it's the planning I'd say most miss.

The only thing that I could suggest would be to just amend the lease to be more clear and in favor of you (the landlord).

Raleigh is not as strict, but requires notice to tenant within 30 days of where you have deposited their security deposit and also has a minor rental registration fee, but no required independent inspection.I am fairly comfortable amending leases to cover what I feel is important and what the area allows when I'm managing myself as I do the research and call proper department for clarification if needed.  

Then you may negotiate, add amendments, etc till everyone is happy.

Even though my active participation is minimal throughout the year, because I have the final say on the major management decisions, my participation is still active and still qualifies for the net passive loss allowance.I would also amend your comment concerning the principal component of debt service.

I see many topics on BP and elsewhere that are all about skirting around the tax laws and it chaps my hide every time.OP - if you are still reading this, please go back and amend your returns for the last three years and get the refunds you deserve.  

Most are in the thinking you can add whatever you can get, be advised of federal law under the Fair Trade Amendment Act 2013, now in effect, deceiving on prices can have a $200,000 fine for individuals and $600,000 for businesses.10.

My first idea is to have my seller go back to the IRS with a new 8288 with my cash buyers info and just amend his filing?