Lease: I used the lease provided by the Bigger Pockets podcast. 

I use bigger pockets to analyze my flip deals.

What I DO like about Bigger Pockets are the people that are very positive and gives great advice.

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

I've never had to use hard money before, so I am not sure what type of conditions are reasonable.

But by coming together with others, one can get in the game and put their money to work in these bigger, potentially greater return deals without having to do it solo.

There was even one exceptionally kind Bigger Pockets member that seemed to know a lot about health and physical activity that we even chatted on the phone afterwards and he gave me some good pointers.  

Bigger Pockets is a great place to find a tax accountant specializing in real estate taxation.

Deal 1: 4 Plex (it's stripped down to studs, a guy ran out of money on the rehab)Purchase price 160k, Rehab 80k, Total all in: 240kExpected Rent: $4,000/month to $4,400/month depending on how quickly we want to rent the units out. 

Bigger deals can be a good angle to attack AND that being said there is a greater deal of risk involved.