It’s a reasonable arrangement as the LPs put up most of the cash and the GPs do all the work in addition to signing on the loan.

I can again put a macerating toilet type temporary arrangement , a kitchenette (hotplate, microwave, sink, toaster oven, fridge ) and make it a separate airbnb "entire house" ****The house was build in 1971.

They simply don't make enough money, whether that's from child care challenges, lack of education, living arrangements, Section 8 and other safety-net golden handcuffs, lack of willpower, etc.

Are there any verbal agreements or arrangements between the current Landlord and Tenant?

@Shawn Blake I would strongly suggest you have a title company arrange closing.

Our son called him on Monday to arrange for final walk through, and when he mentioned that he would be expecting the keys and planned to change the locks, our tenant got a bit upset and then said he would not be out until Tuesday.

Will this arrangement meet 1031 requirements?

Thanks for letting me know that this type of arrangement works. 

It might’ve been somebody that was simply too lazy to arrange mobile notary On your behalf.

I have some potential properties that I was interested in pursuing and was considering door-knocking to see if I can come up with a feasible win-win arrangement to purchase the house rather than have them go into foreclosure.