Is this legal...I guess he will make the renters rent on a month-to-month basis in case there is a redemption....any insight into this?

That would be no no from legal standpoint and migh also require to file a partnership return.

I too was surprised you rent to Mr Trump when he could just buy you out and not even notice the missing money LOLSeriously though that could be considered a threat and you may want to notify your local PD and if legal in your state you should consider CCW

I just just listed my first flip property 2 days ago and I already have 2 interested buyers going through the pre-approval process with our realtor.

Without the CO, nobody will be legally allowed to occupy the property without an inspection.

@Hadar OrkibiYes I would have an attorney come up with a legal document.

Do not rely on it for legal advice.

While the contract will give a psychological feeling of the “deal is done” in the seller’s mind, it won’t be binding....she doesn’t have the legal ability to sell the husband’s half yet.

The key here is not necessarily the numbers more about the tactic and if it’s LEGAL and POSSIBLE To DO it like this or if any one has tried anything similar to this: Property purchase price: 80,000Estimated Rehab cost : 45,000Property ARV: 175,000Hard money Loan used for : DOWN PAYMENT & FIXED COST.Down Payment: 16,000FIXED COST : 18,000 35,000 ( added an extra grand ) HML 35,000 @ 15% interest with 6 points Total: 46,250LOC used for REHAB : 45,000 @ 3 % interest.Total 47,000HML + LOC = 93,250Remaining Balance On House : 64,000 @jasonDiClementeHML + LOC + RBOH= 157,250House sells for 175,000 SP - HML-LOC-RBOH = 17,750 profit - tax about 11,000 grand ... not really a big number but like I said it’s all hypothetical.

@Blaine Alger It's legal.