We are getting push back from the seller about creating a purchase agreement with our lawyer that they would then need to review with a lawyer.

Definitely check in with your lawyer to make sure everything’s above board, but these steps should help you handle the situation while keeping the tenant relationship intact.Hope this helps!

It has always been dictated by my bank or in 2 cases by my lawyer when other people were involved. 

Question! I have been under contract since 10/10 on a quadplex in Wisconsin. The main reason I purchase this property is because I was planning to house-hack. Seller had noted that 3 units where rented until 8/31/2025...

Open endedAgency Exclusive right to sellSigning the open ended listing agreement gives you the ability to sell yourself without obligation however if you agree to an agreement they represent you’re obligated to pay a commission.  

I need some guidance with this one before I just reach out to a lawyer.

I'm not a lawyer, and you can speak to an attorney about this, but in my experience people are typically thinking that putting their property in an LLC "protects" them. 

If the landlord was aware of his past, yet rented to him anyway - any lawyer worth their salt would make a nexus between those two pieces of information and create a liability claim.In addition to the extreme negative press you would get, it also takes time, money and energy to defend a lawsuit you will eventually win.

I used several lease templates that I found as a starting point, then created custom leases for my properties from those, and had my lawyer review them.

I am a REALTOR representing an investor client and listing agent stated no seller concessions paid for investors....that makes no sense in Real Estate.