@julia fergoEven if you use a buyer's agent I would still run the paperwork through an attorney until you are comfortable reading through it yourself and know what is standard and how to protect yourself.

It sounds like you're already aware of how an LLC works by grouping assets under separate legal names to protect them.

., sell the shorter lease to her as wanted mutual protection.

They don't have the where-with-all or expertise or means to do that kind of work themselves.

Yes we still have protections in the contract in place like a home inspection contingency.  

With the property on Troulon, I would recommend staying away unless you have expertise dealing in lower end neighborhoods.I actually visited that property some time ago and the neighborhood was definitely rough to say the least.

Plus you have better asset protection by keeping your personal name out of it.Third, sign the other guy on with a independent contractor agreement.

Bummer to be doing fix and flip business inside an entity that best caters to buy and hold / passive income and asset protection.  

However, practically, if you record a memorandum to protect your potential buyer's option it will show on a title search and it may make it more difficult to find a lender who will loan the funds.If your tenant buyer is well qualified they could exercise their option at any time.

Same applies in REI, IMO.I'll go right to step two and say appreciate the power of leverage and protect your credit.