However, you cannot legally collect rent without the required licenses (as outline in your original post).  

We do not have termination fees or clawback fees like you outlined and investors are very happy with us. 

To avoid problems, it is critical to explicitly outline responsibilities and expectations in the operating agreement.

When creating the contract, consider outlining specific terms such as the duration (in this case, 6 months), rental amount, security deposit, utilities, and any responsibilities for maintenance or cleaning.Given the unique nature of ski leases, consider consulting with a real estate attorney or seeking templates for long-term leases that comply with California rental laws.

That is a lot of work you outlined doing for only $20k.

Per our attorney, we would title the property as follows:The X Family Revocable Trust dated (  ), and [husband's name] and [my name] , Trustees under the X Family Revocable Trust dated (  ), either of whom may act.This would be a general warranty deed, as the survivorship is outlined in the trust.2) This is the other option we can do.We would have to have a RTODD prepared and filed.

This is a general outline of my plan, let me know if it's crazy1.

You definitely want to strike while the iron is hot and get the deal on paper, but you probably also don't want to use some free template you find online that may not be applicable to your state or your situation.You might consider just writing up a simple one page agreement that outlines the key points (purchase price, financing, inspection period and other contract contingencies, closing date, etc. and get it signed (and perhaps notarized for added formality?)

He will still be on planet earth and you shouldn't have to rush to close so quickly.That's just my take on your outline, but, you would know best.Good luck!

During that conversation I'd tell her about the challenges you outlined in your post but say that you'd like to find a way to make it work for her.