You can keep the LOI simple and put the bulk of the work in definitive agreement of purchase and sale "to be negotiated in good faith by the parties within 10 days of acceptance of the LOI."

I am a lumber/building materials exporter and have a successful career in that field that I plan to continue indefinitely, but am ready to spend some time and energy on trying to build another source of income for my retirement years. 

I'm willing to give them an out- I know they need a minimum 1.2 dcr so if the numbers don't work, then of course they can hold it indefinitely.

Flabbergasted, the rather tightfisted car maker inquired why the bill was so high.Steinmetz's reply: "For tinkering with the generators, $10.

If you can hold indefinitely then keep the home.

Plus they also have a uniquely implemented 1031 exchange conveyor belt where the investor can transfer into the next deal and indefinitely defer paying all taxes.Since we're late in the cycle, I'm currently taking a look at asset classes that are uncorrelated with the business and real estate cycle like litigation financing and life insurance settlements.If you would like more details on the above, feel free to PM me.

I dont believe the Tenants shoud be evicted indefinitely for this at all.

Are you prepared to subsidize - or donate - their housing for an indefinite period?

The escrowed taxes that went into the Prepaid Account on the balance at closing do not get expensed or adjusted annually and the Prepaid balance just carries forward indefinitely (and is a close approximation of the actual escrow balance).I take other closing costs to the P&L as a one-time hit at origination (lender fees, attorney fees, appraisal, etc.).  

You don’t get to defer them indefinitely, by executing 1035 exchange after 1035 exchange.The key: Internal Revenue Code Section 1221, defining capital assets.