For instance if you need more time for due diligence or Settlement deadline you can do an extension in an addendum.  

If he leaves you simply stop the eviction and file to collect rent owed in small claims court.

Depending on where your property is located the buyer can ask for an extension of repair after the close of escrow and a deposit held for it. 

I guess his confidence is his lawyer told him if he has a buyer before this redemption period ends, he can likely get an extension.....

I could turn around and discount and sell the paper for the same amount as if I wrote a 7 year 15% note.. and I have used this arrow in my quiver ever since usually to sell my duds  LOL  but you do have to deal with IRS as stated.. there is no question zero interest financing is  an extension of credit. 

I absolutely do NOT recommend the hard money lender we worked with as they changed their requirements several times before closing costing us nearly double in closing costs & lost 1 month in extensions to close the deal.

It warns against collecting interest on what you give to those who are less fortunate.

I may hire a property manager to collect rent and help document what she’s up to (I need a tenacious one!).  

You're essentially setting up an LLC so you can collect rent under a different name?

If we could rent it to a family, we would collect higher rent for sure ( I’m thinking at least $200 higher per month).