Owner finance (similar to contract for deed if that is legal in your state) is a good way to get out of your situation, with the possibility of making some money on the deal.Ask for at least 10% down and figure out what interest rate you would like to charge (depends upon their credit, I suggest nothing less than 8% even with impeccable credit.)You can use a mortgage loan calculator online to get the amortization table, and there are companies out there that will 3rd party service the loan and report to the credit bureaus for you.I suggest finding a real estate attorney in your area that has done these to structure it correctly for you.

If they lack the capacity to enter into a binding contract, the contract is void and they have no rights to the lease and if they have the mental capacity to enter into a binding contract there shouldn't be any legal issue with evicting them using whatever legal means (sheriff) are necessary.

or is the legal area so grey, that its not on their radar screen at all?)

Seek legal advice from an experience Estate attorney.

Is this legal here?

My problem is that if the IRS were to audit such a situation, what is the burden of proof necessary to provide to them so that everything is legal.

Hi does anyone know if it is legal to put bandit signs in Massachusetts?

Listing agreements are legal contracts that a seller has with a broker.

Wondering if you ever sought legal advice and what you may have learned.

If I had to make a choice between having to have lunch with one of these gurus and a bank robber, I'd take the bank robber.I have no problem at all with selling knowledge or information that is valid, legal and in compliance, ethical and that paints the picture of reality.