Meanwhile, Partner A’s Spouse is willing to transfer their 50% share to the Children but wants to retain a steady monthly income from the rental properties.Key Facts:Each rental unit currently generates $550/month, but market rates suggest it could be raised to $850/month.The Children will buy Partner B’s 50% interest using a bank loan at 7% interest.After the purchase, the Children plan to pay a minimum of $1,500/month toward the loan while holding excess cash in a reserve account.There are 3 properties.

From a legal standpoint, the suggestion is a nightmare for multiple reasons!

I would suggest offering both.

Experts suggest this may be wise for businesses with simpler structures to avoid future headaches.2.

However, contingencies are there to protect you, and it should be your agent's job to vet the property and your specific situation to see whether a contingency is needed.

Any suggestions or am i missing a tool to do this with?

Yes, there are exceptions for significant life events (job change), but each individual must meet the FHA loan qualifications on their own, and the second loan must be for a valid reason, like a job relocation or other extenuating circumstances.

Sue for them doing a bad job? 

For us (in Las Vegas), it is common to have $200 to $300 in unplanned expenses on a ~$20,000 job.It will take longer than expected.CRITICAL - Unless you have a local person with construction experience to walk the property at least every other day, the job will take longer, cost more, and have poorer quality.If you have questions, please post them, and I will try to answer them.

Use the two years to learn the area and I would suggest as soon as you can, find a duplex and start a house hack.