He offers a lease-to-own arrangement with 18-month purchase to buy.

Much easier to communicate an arrangement with the tenant; I mean, yes, you can lock them up in litigation but they had a loss of a job.

It also lists all our properties for us on Zillow, apartments.com, realtor.com etc I am very strict with the application process and do not even arrange to show them the property unless they qualify, and in fact we have 2 tenants at other properties at Cottages on the Greene in 2 year leases.

Under Section 1031, once the sale of a property occurs a qualified intermediary must receive the cash from the sale (a critical fiduciary duty), similar to an escrow arrangement.

It’s a very similar case of to a Tenant-In-Common (TIC) arrangement where an investor has 1031 exchange funds and wants to parlay that money into a syndication.

I have arrangement with private lenders and the down payment cash.

Properties I have more useful things to do and I’m not paying a cleaning company How do you structure such an arrangement and get decent people to rent your stuff you might ask .

@Andrew B.5) The new agreement makes no reference to a prior lease or arrangement. 

@Lee Ripma I love your ideas- I would only caution in using the word "partner" when you are referring to the arrangements because it is one of the only limitations the IRS places on the TIC structure - it cannot be a partnership.

In this arrangement, I would bring financial funding, as much assistance in renovations that I can (no where close to what he can bring), recruiting/maintaining renters, and taxes/financial work (including managing accounts for cap-ex, mortgage, etc).