I was hoping the contract part could be a relatively simple thing where I could get a template, make some minor modifications, and run with it - but clearly it's more complex and I'm going to have to invest a good deal of time learning how the area I decide to start in decides things like who does closings, conveyance, etc.It's a good idea to look at a deed and use that as a template - or even better, several deeds.

But you had a legitimate change in circumstances (new baby) that necessitated the early move. 

I'm looking to do the same thing in Chicago, and was wondering what modifications you ended up making to a normal lease.

Weekly KPI checks allow us to make timely modifications and guarantee that we are genuinely making an impact.

If you are “in the business” there are several options you can do but it’s simplest to treat it as ordinary income as other ways can get complex with phantom taxes on loan modifications/extensions etxNot a tax accountant but have bought 500+ loans and it’s always been taxed at ordinary income - just don’t pay SS/Medicare etc.

Some get loan modifications, some actually come up with the money.

(If I don't like you I could buy your mortgage and cause you problems, so the bank would have a liability there.)But, having a third party buy the note might work, you could do a modification but remember the issues of debt forgiveness!  

The following standard easement notes shall be included on the final plat.a) ERECTION OF STRUCTURES PROHIBITED: Grantor shall not erect any structure over or within the Easement Area without obtaining the prior written consent of the City Engineer, provided however grantor shall have the right to place and maintain a surfaced roadway over and within the Easement Area.b) CHANGE OF GRADE PROHIBITED: Grantor shall not change the grade, elevation or contour of any part of the Easement Area without obtaining the prior written consent of the City Engineer.c) RIGHT OF ACCESS: City shall have the right of access to the Easement Area and have all right of ingress and egress reasonably necessary for the use and enjoyment of the Easement Area as herein described.d) REMOVAL AND REPLACEMENT: The cost of removal and replacement of any unauthorizedimprovement or structures within the Easement Area, necessitated by the exercise of the rights under this easement, shall be borne by the Grantor or their successors or assigns.e) SURFACE RESTORATION: City’s liability to restore the surface within the Easement Area shall be limited only to grading and seeding, and replacement of grantors surfaced roadway.f) DUTY TO REPAIR: City agrees that any drain tile, drive or access way, fence, or yard or other improvements outside of the Easement Area which may be damaged as a result of any entry made through an exercise of the City’s right of access shall be repaired at no expense to Grantor.g) EASEMENT RUNS WITH LAND: This easement shall be deemed to run with the land and shall be binding on Grantor and on Grantor’s successors and assigns.h) GRANTOR RESERVATION: Grantor reserves the right to use the Easement Area for other purposes provided however these purposes shall not interfere with grantees use of the Easement Area under the rights of this agreement.d.

House is in great shape so minimal rehab is needed so repairs/maintenance/capex should be small for the first 5-10 years, I get to keep the asset, and I get a little cashflow with it, the tax deduction and all the long-term benefitsI have a high paying W2 so I steer away from hard money just because it's so much more expensive to use and I'm not doing the volume to necessitate it 

EVER...Any modification or improvements are to be pre-approved and done by a professional that I choose- and I'm only going to do them if it a safety or habitability issue.