@Nick Rutkowski I am thinking about doing it before I go back to formal college, to probably become a nurse.

I'll put the June announcement in shortly.We're a little less formal than most. 

I'm fairly certain there is no formal procedure.

I'm hesitant to send a formal LOI  and put the property under contract in my personal name & without having the funds ready.

The contract is just a formality.

I'm creating a proforma for a client. I've been able to deduce rent rates for inline stores, kiosks, and food courts within malls.Can anyone help with anchor tenant rates in Southern California malls?

Now I am required to write and sign a formal position statement to be submitted to the MA Commission Against Discrimintation.

Having a formal written operating agreement lends credibility to your LLC's separate existence.

The “agreement” he sent me is below (identifying details redacted):______________________RESIDENTIAL LEASE and OPTION TO PURCHASE AGREEMENTBUYER/TENANT: XXX Holdings, LLC Date: 2-16-2018SELLER/LANDLORD: XXXPROPERTY ADDRESS: XXXXXXRESIDENTIAL LEASE1) Rent: $2,500 per month2) Lease Term: 36 months, beginning March 16, 2018 and ending March 16, 2021.3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs ofthe property, not to exceed $500 per incident.4) Sub-Lease: Buyer/Tenant has the right to sub-lease this property with writtenconsent by the Seller / Landlord, and this shall not be unreasonably withheld.OPTION to PURCHASE1) Purchase Price: $ 345,0002) Option Period: 36 months, beginning March 16, 2018 and ending March 16,2021.3) Option Consideration: $100 - All Option Consideration will be credited in fulltoward the purchase of the property.4) Rent Credit: Buyer/Tenant will be credited $ 0 per month toward the purchase.5) Closing Costs: Purchaser will pay all allowable closing costs.6) Expiration: This offer shall expire on March 16, 2021.7) Inspection: This offer is contingent upon physical inspection of property andsubsequent completion of a more formal and signed Residential Lease with Optionto Purchase Agreement.8) Non-Exclusive – This agreement is non-exclusive and can be canceled anytimeby either party.9) Assignable – This Agreement is assignable with written consent by the Seller /Landlord, and this shall not be unreasonably withheld.X_____________________________ X ________________________________Seller/Landlord Date Buyer/Tenant Date_________________I have a few questions: Is this legit?

@Michael Plaks , I have never dealt with this, but I read that there is no formal election required for the use of the installment sale by the dealer, but reporting a sale in 6252 acts as an election.