With that said, if the owner released your friends from the lease contract then they are no longer obligated to fulfill the contract.

This is the problem with trying to fulfill your due diligence while a tenant is in place...

Did they fulfill the lease term?

I would add that you should find an attorney for your team to review your contracts sooner than later in your investing career, and they may be able to further explain the ramifications of a tenant not fulfilling their end of the rental agreement.

M2M could mean the tenants have already lived there and fulfilled their lease.

I do something that some view as illegal, so I would advise anyone to view their local laws, customs, etc. i am a huge fan of "rewarding" the tenant for fulfilling their monthly obligation.

If you look at this closely, we are using their raw land to start this and only the profits on the profits to fulfill this.2) We set-up a special 501(3)c that was grandfathered in to get the off-market Fannie and Freddie  REOs before any of you other investors have access.

So take a security deposit and treat it first and foremost like a rental which only upon satisfactory fulfillment of the lease are they elgible for a land contract.

At that rate, it will take him almost 20 years to fulfill the contract.

Sue K.What, specifically, are the rights the co-signer is obtaining in the agreement for the duties they are obligating themselves to fulfill.