When I sold the building within less than a week the new owners were out there installing a post box and had complained about it enough to the post master that he agreed to let them have one.

^ I agree with Sarah but want to add you will want to know your competition.  

Then if the LL agrees to the LOI terms you’d draft the official lease agreement that includes all of those terms for due diligence, feasibility, permitting, construction, rent commencement date, etc. 

I am hoping to find a more simple / crude (maybe) way to engineer a deal that simply holds the final sale until after the owner's title converts to the irrevocable trust, but based on the terms agreed to today. 

I agree with the above recommendation to get out to some local RE meet ups. 

Its not the contractors responsibility to float your job with his funds ( unless this has been agreed upon ) . 

Could agree more with lessons learned with old homes!

As a side note- if you are Familiar with Wake Forest Uni. it is one of the premier schools in the states, and one of the more prestigious schools in the country.

I think we can all agree that the potential risks involved are something to consider prior to selling a property using seller finance.  

The appreciation for the property is definitely going to be long term and not short term, so selling now isn’t ideal.The property manager agreed to market it as a medium term rental, so we’ll try that, but it's new to both of us, and it seems like it would have to rent at $3700 to be profitable; does that seem too high to the folks here?