Here's the "special rule"https://constitution.laws.com/american-history/constitution/constitutional-amendments/27th-amendment

For those not familiar, the proposed Fair Tax legislation calls for full repeal of all forms of Federal taxes except for the excise tax, replacement of those taxes with a consumption tax, and repeal of the 16th Amendment within 5 years of the Fair Tax passage.

But if you were looking to just put the property that you are buying into a LLC that you own then a contract amendment is all that is needed. 

@Jack YoungThe "new" lending criteria in the latest amendments to B-20 are really not "new" so much as a return to the practices of an earlier time.Given the band of interest rates for real estate financing in this country is historically in the 6-9% range, you should be using criteria at lease as rigorous as the new stress test when analysing a potential acquisition. 

If you need days, try to get an amendment to the contract.

You can amend the purchase contract to change the buyers name, you don't need an assignment.

(I'm an accountant but, I'm not a CPA or a Tax Professional) but..I'd track expenses in the inception of the buy & hold idea up at least until the beginning of the 2017 tax year, pretty sure you can amend for prior years expenses.

Hi all, I'm from Grand Rapids, Michigan and I recently had my tax returns amended.

@Mariana Rojas If you did not file a Schedule E during the years you rented the property, you need to amend your tax returns.

If you can come to an agreement and make amends then I would proceed with keeping him, but if after this attempt to offer the olive branch goes left then it’s time to evict.