Appreciate the responses in advance for anyone who has done a deal like this or has suggestions!

@Brian Garrett thank you for you’re response

Thank you to Vance for your response come I look forward to hearing from you.Ray DryjanskiIvanhoe Investments, LLC

Arlan, thank you for your response and no offense taken.

If there is no response in that time frame you will be clear of the lien amount.

I would like to separate the heat for each unit so each tenant would be responsible for paying for their usage.  

I appreciate all the quick responses!  

I know that before too long, he is going to at least want to slow down, so I am thinking of offering up some sort of partnership where I could take on more responsibility, get some equity in the business, and eventually buy him out upon his retirement.

Paul forums will get you more responses, so maybe re-post this over there.1) I'd advise adding a picture to your profile and filling it out a bit more- easier to have conversations (even on the forums) with someone when you can picture yourself talking to them in real life.2) I read your strategy- glad to see you've put some thought into it!

Thanks for the response, Eamonn.