If they fight it, then all bets are off but unless it's someone really sharp or you have really messed up it should not stretch beyond 2 months.

I did a lot of "flip" jobs in past winters for half pay and a bonus upon sale, and some folks have paid me through PayPal and their credit card, to stretch out their payments and assure I got mine in a timely manner.

I also have another deal in the works and don't want to get myself stretched too thin working on multiple projects.

I see you want to stretch your dollars and increase your ROI using leverage.

Those are all things that can effect how safe it is to stretch these guidelines.

You can choose to take however much you want as payment (within reason), and can modify the payments over time, but the end result is that you have to stretch it out until you're 59 1/2.

If you go a sustained stretch without a tenant or a major expense, that could put your whole portfolio at risk.

My main concern though would be stretching your reserves to thin.

@Mary JayI am not a lawyer by any stretch.

If I go the with the initial HML and remove the property out of the LLC name into mine, then the seasoning time frame starts over, which stretches the time frame beyond my agreed time frame to pay the HML.