You have no experience other than your own in buying or selling a property, and never written a binding contract for others.

Now the seller is stating that he never delivered the signed future lease to the tenants and we could either assume the lease as is or kick out the tenants and negotiate our own lease since he says it's not actually fully executed or legally binding - even though we have a copy of the signed lease. ...  

The county knows there is a problem, but to keep the tax roles fat they took no action since none was initiated.6.

I am currently in a BINDING contract with a SELLER of a residential piece of property an I am the BUYER for the sum of $20,000.00.

You don't want the agent to have fat-fingered 4 bedrooms when it's only 3!

They are legally binding, and convenient for everyone.

And, YES, once I'm in a month-to-month lease agreement with a tenant, I only have to post a 30-Day notice of my lease amendment for it to be binding. 

Since the "bonus" commercial cashflow from this value-adding is mostly profit, the ROI should be stratospheric, which also opens the door to refinancing and walking away with a fast fat check at the loan's close.The demand for this type of moderate housing stems from the fact that the county is going to be growing by at least 10,000 residents per year for the next 20 years (I think more), they'll all need a place to live and the established county policy is to channel much of this growth into the urban western county.

I have crafted one up that is tight and binding.

There are events and market manipulations that cause the market to lose confidence and corporations and fat cats to stop investing.The Fed raised the prime eight times in two years to dump a glacier on a red hot economy.