Sure whomever you hire might say "that's flat out unenforceable" the other attorney is going to say, "no way that's iron clad" and that's after each party pays them their retainer and they review the documents.

Ironically last night I signed up for my real estate agents course.

I have a house on well and septic , the tenant pays for septic tank pumping once a year , and the tenant pays for water softener chemicals ( if not they have iron in their water)

I don't know your other financial circumstances Robin but unless you've got an annuity that covers your mortgage or another iron-clad income stream I would keep your paid off house just like it is - paid off.

I printed up iron-on t-shirts and door hangers, put flyers on cars at K-Mart, all saying "We Buy Houses."  

Try searching for Karlton, as well.That said, it's quite ironic to me when you're replying to @Natalie Kolodij asking about "any other tax strategist" while she IS a great tax strategist herself.

What I mean is getting approval for such a plan.Different people are in Government and offices at different times.One council might love the idea and the others not so much.If you get approval you have to strike while the iron is hot.

This is a luxury property that I live in myself right now, this one is also a full rehab and attracts high end renters from downtown, has an 8 ft wrought iron gate around it, new everything!

You and the buyer would of course have to iron out the details on what you may want out of it and so forth.Win/Win for everybody.

Ironically, the only property that I have a bit of trouble getting everything straight for come tax time is the one that we have a management company look after.Hope this helps!