Quote from @Tony Jarusook: @Steve Vaughan LTV is 80%The best helocs and 2nds only allow up to 80% LTV so this discussion is just a someday later exercise in your case.  

While it does say that there is no precedent in the 40+ years of TAR promulgating a lease of them exercising their right to protect it

Hi,Ièm getting ready to buy my first rental property and I wanted to do my due diligence exercise with you.  

You solve the issue by determining that this property is too much risk for you and you move on to the next.This is an exercise you should be doing everyday.Before you know it, you will find your sweet spot and know it when you see it.It will become second nature and very easy to come to the come to your conclusion.It is great that you are working through this.

It’s tough but a great learning exercise in so many ways.

I thought I knew enough to move forward, but clearly didn't ask enough questions or exercise enough caution. 

And take it as exercise for effective communication because worst case, he fails, and you fire him, oh well.

The lender can exercise the "due on sale" clause if the name(s) of the buyer are not the same name(s) as the members identified as the owners of the LLC.

Protect both by exercising what few rights landlords have left in this State.

She lost her down payment, as it was non refundable and only put toward the purchase price upon exercising her option to buy.