Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.

He holds them in trust and cannot take ownership of them until a future event has occurred: A charge related to the tenants' leases for breach or excessive wear and tear, etc.No credit, no physical transfer, no closing.

.  ** Other schemes will promise homeowners that if they transfer the title, they can continue to rent the home and repurchase it at a future date. 

I'm not sure I would get to cute trying to squeeze every time out of it now with a lease that might cause you issues in the future, but the scenario you describe is common and probably smart. 

If you have any more questions or think you'll need help securing funding for any future projects, feel free to DM me.

As I've been doing more and more deals over the years, and gaining more and more experience I been having people reach out about how they can invest with me on future deals whether it be Buy & Hold or Flipping.

I see potential hurdles when it comes to resale but who knows what the future holds for these type of properties.

It was my only option because I had limited funds and wanted a better future than my day job alone was going to provide.

I would hope he/she values their reputation and future business more than a couple months rent on two properties.Don't despair, there is a path forward out of this.

If you ever want to connect, I'd be happy to do so and be of any assistance in getting you started on your future.