So, it makes sense for the seller to consider seller financing.Keep in mind, if it's hard to finance today, it will be hard to finance later on as well, so you need a fully amortized arrangement or a far off balloon to ensure a low LTV for any bank portfolio loan.I'd not waste my time with a lease option as in order to take the option you'll need financing, just mentioned that issue.

She could lease the entire building with the right to sub-let any spaces, probably the best arrangement, but she needs to make it worth her while taking that on more than just having her place of business remaining there.More information would help.

They are pretty easy to set up and relocate, but since you are a remote investor you would have to arrange that with your property manager.

I have done and am currently working on a partnership on 2-4 unit properties for buy/rehab and hold, but I am the active investor arranging and operating the partnership and property.

@ David Moore, it might serve you and your private money people well to consider a JV (joint venture) agreement, especially if you want to structure the arrangement in such a way as to return principal and interest when the property sells.Also, a JV agreement can spell out exactly where the rehab money comes from and when.

With regards to trying to work out a payment plan or other arrangement, consider what is the likelihood that the tenant would be able to stick to it.

Jewelry is rather tuff unless you know what it is, get it appraised at least by a jeweler and have a lock box arrangement, otherwise you might get a cubic Z.I do gold and it gets tested and locked up.But personal property needs to be identified and detailed on a UCC form, filed for record to perfect a security interest.

Scenerio from different people and books looks more like you call them to tell them they've been accepted to lease it, you meet and sign the lease soon thereafter, and then arrange a move-in date rather quickly.

I tend to agree with that speaker, in fact, very much in the short term.The only advantage I can think of to a lease-option is that they are often written for longer terms, more than one year.There is nothing in a lease-option that can be arranged under a sale contract.

Some towns do enforce but it usually is a greater number then 3 unrelated people.I do know someone who lived in this kind of arrangement and they used to leave stuff all over when there was a potential other tenant coming around.