However, you can make changes as long as all parties agree.If the tenant agrees to removing certain clauses, or starting with a new lease, then you can move forward.

You can legally change or cancel a contract if all parties agree. 

You would also want to add the LLC entity as an "Additional Insured" party onto the landlord insurance for the property.

(Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies. 

We are eager to connect with interested parties and explore how we can turn this situation into a win for all involved.Feel free to reach out if you have any leads or would like to discuss further.

Only part I got stuck on was how to get a background check.

The difficult part is, it’s impossible to reach out to anyone once you invest. 

This party won’t last forever, no one tells you when to get out, sometimes you realize too late. 

Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.

Hello all,We have a prospective family friend that would like to do a sale private party.