We execute a JV agreement and typically will create a Personal Property Trust to hold the asset with each of us or our entities as the beneficiaries.

The people under contract didnt execute as per the signed contract so if they broke it you should be able to then do business with your back up buyers and not be locked into anything.  

Have your attorney attach the sale contract to be executed later on so there are no issues as to what is to be agreed to at sale.

Executing the plan and then sometimes things come up that you didn't expect -- that can come when you open any walls or turn on plumbing after its been winterized. 

So look at other things that you can modify to improve your situation by creating an executable plan:What kind of car are you driving?  

(Sidenote...if this were an executive 5MM home then paying $13k might be worth it..but this is not...)Can you get $13k down on it?

You have to put a plan together and execute it.

The property will be held in our LLC name and we will execute a promissory note to the partner for the cash he put up as well as an agreement to split the profit 50/50 on sale. 

Hi Alex,I am a realtor with Bahia International Realty for their Tampa office, because we work with a lot of International Investors, this office has a separate Property management division.In case you haven't found a PM yet, Bahia Property Management does a great job in screening the Tenants, they have a full bilingual staff just for the Property Management.

TIME OF COMPLETION The undersigned agrees, if awarded the contract, to execute and construct the entire work complete and ready for use within twenty six (26) calendar days, beginning June 8, 2015.