Basically looking for a pretty simple template that specifies the renter details, duration, and acknowledges they will follow the rules for my condo association.

Simple, convenient, and cost-efficient!

So In SIMPLE terms; you are stating that REGARDLESS of whether the FULL $60K in funds paid to the Seller for the OPTION to buy the home at $300K is APPLIED towards that $300K "Strike Price" reducing the remaining amount due to them to $240K OR if only $30K of the $60K in funds paid to the Seller is APPLIED reducing the the remaining amount due to them to $270K - the Tax Treatment for THEM (the seller) is the SAME on the $60K paid for the OPTION ?

I would want a concession on the sale price or a seller credit for this so that I can try to end up a little ahead for the hassle and also to keep the deal simple.

Keep it simple and buy in a an entity in the state where the real estate is located or where you live.hate to seeing posts like yours where investors have already spent unecessary

But it becomes a simple math equation:  $$/month income to replace divided by the average dollars per month per unit owned will equal the number of units you need to own to replace that income and get toward FIRE.  

That's the simple path that works every time.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

So for those a little “fuzzy” on “due on sale” let’s state it clearlyWhen a property is transferred either through warranty deed, contract for sale, leasehold interest for more than 3 years, or any other method meant to transfer fee Simple property rights, the lender has the RIGHT, (not obligation) to “accelerate” the note, in other words call the note due.