I'm interested in talking to someone about getting our nonconforming basement up to code to either duplex down or make it a legal unit if ADU ordinance passes city-wide.

This should eliminate the homeowner (1) selling a property while remaining liable for the note (subject to), (2) tying  up his property with a “buyer” who has no intent to close unless he finds someone to pay a higher price (wholesaler), (3) paying above market rental for an option to buy that can never be exercised (4) purchasing a property from a fix n flipper who did shoddy rehab, (5) purchasing a property with nebulous legal title, (6) contracting for home improvement with a fly by night contractor who then puts a mechanics lien on the property and (7) “listing” with a wholesaler disguised as a Realtor who doesn’t put the home on MLS. 

Whether it’s hurricanes, tornadoes, wildfires, or just flooding the losses the insurance companies are seeing over the past 5-10 years are huge.

Ok, so definitely not looking for legal advice here....But...I know someone who has sold a business in Puerto Rico (7-figure sale) and is looking to move that money to the United States permanently.

Zillow and Facebook groups as well as insurance placement companies can be lucrative as well

To which he politely says NO. 30 days would put us at June 30th, now he is asking if he can pay for partial of July.I dont really know the best way to navigate this.My thoughts:-Im hoping whatever weird thing thats going on is not as bad as I think it could be-I want them gone for the 1031/ ridding myself of this caliber property-legally they can stay till the end of July-possibly responding with "sorry we cant take partial payments"-not sure if thats legal or would come back to haunt me if he ends up agreeing and now im dealing with the unknown for longer

So the place is sitting there vacant, he asked if he could move the 30 days back and pay for partial of July which I tried to shoot down but the lease says 60 days so they legally can stay another month.I went to the unit to inspect it yesterday with his permission.

Most PM companies have a requirement where the tenants income needs to be 3x the rent per month.There’s more to it than that - but it’s a lot to type out.It’s a popular strategy for those looking to get into STR/MTR and can’t afford or can’t qualify to purchase a home themselves. 

After searching a few companies I found The Land Method and read reviews and really like the approach.

I would use a company versed in this process to manage the operations of the LLC and collect the rents/operating costs for the owners.