You should organize your deal into an option contract whereby you will retain the right to buy his house for $345K by such and such date. 

The rebates can be absolutely crazy for converting from a less environmentally efficient fuel like oil to a cleaner burning fuel like gas or propane and installing mini splits in units (these tie into the tenant’s electrical panels) etc.This tool is absolutely a great tool to have in your arsenal, if you have boilers/furnaces that are very old, you can get them replaced ASAP at a discount from the rebates, with a loan that is free to borrow the money over a long period of time, and retain liquidity for a much better use of that capital.Someone has told me in the past that you can only use one Masssave HEAT loan per property, and to keep that in mind to get the most use out of it as you can.

The beneficiary, on the other hand, retains the power to use, convey, or manage the land and holds any other number of rights as directed by the beneficiary and the trust agreement.The process in it self is simple:The owner of the subject real estate transfers title to the property over to the trust by way of deed and enters into a trust agreement with the trustee and a beneficiary agreement with all beneficiaries.A trust is just an agreement to hold or manage assets by a trustee for the benefit of another.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Remember, tenants will attempt to retain control but challenging you; by managing to the lease, it remains 'your ball, your court.'  

I figure that a typical turnover will cost me 3x rent or about $5,000 - it pays to retain good tenants long term.The best way to reach 100% cash out is by not doing any major capex projects.

Different lenders may offer you better terms and if that is the case, your original lender may also readjust their terms to retain your business. 

Your buyer will receive the right to live in the property following closing, but you will retain title.

We also retain access to 80% of our equity, so it really maximizes our flexibility.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.