(Marin County, CA)We have looked a Structured Sale but it does not have all the advantages of the 1031.I have cash to close.She/seller cannot find the “right” property.She is the manager of the LLC that holds title with her parents.They have not set foot on the property in almost 3 years.I live in one of the units and have managed and maintained the property for the past 6 years.Her parents are not able to manage their affairs and she handles their $$$.We have a number of serious deferred maintenance issues that she does not want to address.I would much rather buy her out than go to arbitration to force her to participate in the work for the deferred maintenance and the renovations I want to do.

I like them too they seem really nice.How would you structure a deal in this situation?

Related discussion:http://www.biggerpockets.com/forums/93/topics/70516-structure-of-wholesaling

I have an investor friend who has expressed interest in investing in an income-producing property with me.I'm finding potential properties, but I'm not sure how to structure the deal.

What structure is maintained through the meeting?

No wall paint, no satellite receivers, no installation of appliances, no storage sheds, no building of structure (some seriously want to build their own pergola), no swimming pools, no hot tubs, no electrical modifications, carpet, etc.

I had considered the high cost of rent vs the rank structure and the 50% rule.

The way its built asks for trouble (1 structure 3 floor high provides support for 2 balconies on 2st and 3nd floor) – its old..not sure its stable etc.

No standard note listing agreement and contracts vary depending on the principals, loans and deal structure.

One word is usually better to tie things together, while it could be BRENNAN PROPERTIES LLC, dba "BRENNAN"How are contracts going to be printed up, filled in, you'll have a ton of paper work and signatures, you can shorten things with the DBA and LLC.I get a laugh out of very small companies with implications of being some mega structure, thanks for not going there like Brennan American Enterprises.... :)I suggest you keep it simple, say what it is, and make it easy to say and write!