Regarding your fear of getting priced out, please check out this infographic https://advisor.visualcapitalist.com/growth-in-u-s-house-pri...

U want that clearly worked out with the lender before your sign that DIL. 

(pretty good bet things aren't going to 2% any time soon)We have wound up restructuring several notes to our benefit because the owners were really happy to have the income immediately

U can now advertise it as such and charge a premium i would think 

Based on what you've provided here, I'm going to assume the partner is a friend or family member- and not to rub salt in a wound, but most people think that makes a contract LESS necessary, which is the total opposite.

Frank I call U a 1 % er  I know you..

(I have only done one deal like this) its illegal to pre sign quit claim deeds. if someone chanllenged U that would not stand UP

Quote from @Chad U.: Quote from @Kody Smith: Quote from @Bob Stevens: why would you buy a prop for 2.2 mill that maybe will sell for 2.5?

u

U take the Norada situation and the investors in those notes are livid that Norada would be doing a new project when their Notes were rolled to equity..