We had a lawyer at the settlement company that we use often for our deals draw up a loan agreement for us.Again, it was 10 year note with a balloon payment(amortized for 30 years) .

4) Good books to read about syndication5) Lack of initial capital (my business is doing fine, now I would need to build syndication capital)6) Still working a normal job, therefore only able to hustle at night and the weekendsI have an area picked out, I have property picked out, I have analyze the area the property rents are under valued by 50 dollars, the property is at 99 percent capacity, I have talked to my CPA about taxes and my lawyer about how to group it together. 

(You may want to talk to a local lawyer to ensure you are complying with local laws on this)This will have three effects, 1) it screws your unethical property owner  2) It protects your monies which you might get to keep after the foreclosure and 3) gives you leverage with the bank that is foreclosing.  

I am not a lawyer/tax professional.Here is what the IRS says:https://www.irs.gov/publications/p463/ch01.htmlOn a side note, based on what I have learned from some professionals, your trip must be predominantly for business purposes: you must spend at least half of the total days on your business.

If they are interested in terminating the rental contract for $$, there's no issue I can see.A lawyer is your best source of info so call one and pay the $50 for the 5 minutes to be certain if you're going to lose sleep over it.But beyond that, if you are depending on the 3 units rental income to make your payments while you rehab one at a time, then it makes more sense to remove one at a time.  

Provided you have a lawyer draw up your partnership contract there should be no concerns.

This is not legal advice and I'm not your lawyer, etc.You have to consider the legalities and the practicalities.

We did pay the lawyer and servicing fees of around $1000.

Hire a lawyer and take the seller to court for failing to complete the inspections required and agreed to.

Is there a lawyer or a Title company that must handle this transaction?