I find that a clear contract outlining responsibilities and expectations upfront helps ensure a smooth collaboration.

@Bobby Burris you've outlined your plan, but you're asking questions we can't answer without more info.How much is your partner charging you for their money?

Develop a comprehensive business plan outlining your strategy, target market, and expected returns to present an attractive proposal.5.

Outlined the total amount owed and the months allowed to pay it back in, then divided it by that # of months and tacked it onto their rent.

Augustine has some strict regulations, or at least has a strict outline of regulations.

He outlined to me at a real estate meetup all of the above information.

All the costs Whitney outlined along with my construction budget seem too cost intensive for the ADU build.

Therefore, all the items you outlined in your question are things I would include, along with any other factors you consider important.Keep in mind that LOIs are non-binding.

However, in this case it’s worth circling back in 3 months, 6 months, or a year because this seller wants to sell, he’s just not ready to give up his fantasy deal.If the seller’s response is acceptance of the outline of my offer but countering on price or terms, it may be worth negotiating because we MAY be able to get to YES.My biggest profits have occurred when I made offers that were nowhere near what the seller was asking and yet WERE ACCEPTED, or with small modifications. 

Perhaps, your PMC needs a better lease or an addendum to cover issues like this.PMC should send a warning letter that clearly outlines repurcussions of what will happen if the tenant doens't comply.YOU must be prepared for the tenant not paying, requiring eviction and any potential retaliation damage to the property.