By keeping bills relatively low, we don't have to worry as much about falling behind when we have a spell of rain or snow that causes him to not get his normal amount of hours.

JV agreement should spell out what you're providing.

The underlying value of an option is primarily the expected appreciation in value over the option term, not what ever you can clean someone out for.The price and terms need to be stated, at least the price as it must be stated, you could say cash or financing and later decide to offer seller financing, if you offer financing with the option them those terms must be spelled out.If he is going to live in the unit sold/purchased you may have Dodd-Frank issues.

Don't spell out the consequences, as you can't know what they are and it could be perceived as threatening.

That was something I feel should've been spelled out from jump.

Account ClosedIn the letter of intent, you spell out that you going to be assigning your deal and you have 45 days.

You want to have everything clearly spelled out in writing for the partnership and want to have your entity papers drawn up correctly.

Prepaid programming and other media has made it known what RE investors do so most when dealing with an investor understand it is just that...investing, I spell out in contracts that I have the right to assign, market, sell, etc. and if Seller has an issue with any of it, I will generally compromise to a point of there comfort and it all works out.

Spell out the terms and situation and then go from there. 

I'd write a purchase agreement that says spells out the terms of the sale and get the deed for a consideration sum ($100 or such).