An agreement could contain the promise by one party not to engage in the current business, or a potential future business, of the other party for a specified length of time.

So, my point was that because of that you're looking for a very specific person, someone who can afford to borrow 100% of the purchase price of the house, but for some reason has bad credit and, as I was arguing in my other paragraph, is also bad at math.Also, in the example you gave, the person has 15% equity, so they could afford to hire a real estate agent.As for you cash-flow example, I mean, I understand that part. I

I agree with the nuts part. I

The best part is being able to get a downpayment up front, some monthly cash flow, and somone paying a mortgage for you.

You could become liable to third parties due to the actions of a tenant you're NEVER GOING TO SEE AGAIN.BTW, all of this should be spelled out in your lease.

Secondly, you must be so very careful as to not perform a prohibited transaction or involve a disqualified party.

I stand by Mike on this one.

I suggest being upfront with both parties, your Investor friend and the Realtor who brought you the deal.

He does not have a leg to stand on.

Might give them a box of cookies, see if they agree to that.Skilled negotiators can get an Eskimo to take a truck full of ice.Understand that any contract only guides the parties to an agreed transaction, if both are agreeable, I've done handshake deals, that may work.