There are two separate things you need; a Promissory note, and a security instrument, typically a mortgage or deed of trust.

id=...http://www.evillapalmsprings.com/map.htmlThe maximum number of rentals per year, the max occupancy, the parking restrictions, the fact that no amplified sound outside is ever allowed (including a guest playing music on the speaker on their phone), the testy neighbors in many neighborhoods, the hefty fines, etc. 

As far as the legal side goes, you can literally write the words "Addendum to Lease" on the top of the page and below it put what you want to do as far as inspections and note that the addendum is intended to supplement and/or amend the lease, then have both parties sign and it is a legally binding instrument.

Thanks to Jay Hinrichsyou can do sub too on any property.. with any lender.. and any lender private or not has an alienation clause in their debt instrument so they can call the loan if its alienated.Title company is irrelevant other than faciliting the transaction.

The court may also grant any other claim arising out of the contract.Effective Date: 10-06-1980 .5313.09 Instrument of cancellation of land contract.A judgment for the vendor shall operate to cancel the land installment contract as of a date to be specified by the court.

She loves music and I have never discouraged her in pursuing it despite it not paying much especially for the time she invests. 

We've done the rough ROI for 10 schools of interest so far, and it completely depends - she's currently thinking double major, music performance/pre-law.

Yes, basically, as a security type instrument or a cash asset it doesn't get the tax considerations that inventory or other property receives, the gain is recognized as it is made, the type of entity is irrelevant, it's income recognition individually or in any business entity with respect to notes.

Neither a true lease nor option is a financing instrument. 

The security instrument is a pledge from the Borrower to the Lender of the collateral (the real property).