I'm uncertain of the real estate law in North Dakota, but I find the contract terms to be offensive.

You wouldn't take financial advice from a bank teller so why would you take REI advice from a car salesman (no offense GC). 

I would caution you to be smart about what you do, your father might have different ideas about what he thinks you are going to do with the property, and he might take offense to you selling it after 2 years if he is selling it to you at cost.

I have had a few people in here over the years take offense at my position and start hurling insults at me.

I have to agree with Emily Hauser (though no offense to Jake and Gino, who also have a great rep).

No offense but why would a 70 year old with multiple rental properties of various types plus experience need a mentor?

@Dana Whicker  Thanks and I completely know what you are saying, no offense taken at all. 

The best course of action is taking the offensive and seeing if the lawsuit can be avoided altogether.  

It's the foundation upon which championships are built.Tom Brady's Protection: Learning to save money is like having an offensive line that protects Tom Brady.

No offense Jim, but the comment quoted below sums up how I see a lot of buyers getting into trouble: I know of a luxury estate right now that was appraised at 2.2mil last summer and now its a short sale for 1.2mil and its been on the market for quite a while and I have been told that the owner is getting close to foreclosure.