Partial buyout 5 years of payments then I would resume payments.Seems risky as many things could happen here like death of note buyer, insurance claim, default.  

Once the note purchase is complete, my exits are as follows:1-Reinstate the loan- Come to an agreement with the borrower to resume payments as originally set in the terms of the note.2- Modify the loan- Agree to new terms on the loan, adjusted to the borrowers current financial situation.3-REO – If the attempts to reinstate or modify the loan fail, we foreclose on the asset, or take back the property via a deed in lieu/ cash for keys.4-Rental- Once we complete the actions in step 3, I keep the asset as a rental.These are the exits I employ, it is very important to devise an exit plan before you purchase any type of real estate asset.

I work at the Nuclear power plant so my schedule is weird and offers me a lot of time off during the week days.

. :) That was great advice and I had debated making the letter shorter….or even longer and sending along a summarized version of my investing resume (which is short, honesty) along with the terms I am proposing and how their money would be protected (first position, reasonable ltv, insurance, automatic monthly payments deducted directly from my checking account, pre-signed deed in escrow so foreclosure proceedings could be avoided in the event of default, etc.).

If all hell breaks loose and interest rates go through the roof, he can ditch the HELOC and resume his mortgage payments. 

Antioch has resumed building SFH 3bd/2ba at 650K-850k.

His resume to me looked good...and honestly I took a chance on him.  

I just wasn't using the nuclear option as the starting point. 

It might already indicate that the lease will resume as m2m after the initial term expires.  

Write it with the same level of attention to detail as a resume, and you'll get prospective tenants who appreciate the work you've put in.