You want the long term relationship that works for both parties.

The renting part is what's causing me more concern & nerves than anything.I have some more details but I don't want to go overboard - this is my first post.

As a strategy to liquidate the property and net more than a straight sell, there is just no way this will work unless you find a naive private party to buy your LC.I think a LC business, to be viable and done at some scale, needs to be funded by private investors, who understand that this is illiquid for x years, and in return for that they will receive an exceptional passive ROI.

So the choice is a personal one.The most important part is screening the tenant.

However after doing some research I am wondering if the Buyer paying for a home inspection per the agreement (which provides benefits to both parties) MAY QUALIFY as consideration since there is a (non monetary) value exchange to the Seller by way of providing a third party inspection to be used in the disclosure and sale of the property.I'm curious if anyone has encountered this type of issue before?

This is a NOO property being purchased as an investment, with neither party having originated loans in this manner before.

In order to keep him happy I have a standing deal, if business gets slow for him he calls me and I immediately give him a list of upgrades to do for me.

Anything goes, if you can convince the other party to see things from your point of view and perhaps as what another reasonable person would consider then you may influence them to see things your way. :)

Naturally, if there is a time-framed lease involved, no changes can be made outside of both parties consent to an amendment.

How will you stand out?