If they haven't paid for any marketing for it, I'm not sure why they would want to be difficult about it.Ultimately you could really make things tough for them so that they waste their marketing money and then the contract eventually expires anyway and you hire your dad instead.That being said, is there any reason why you signed a listing agreement with them given that you knew your dad was an agent? 

I would recommend having an attorney prepare the agreement so you do not run a chance of breaking any syndication rules.

this preys on people who have money, but their credit isn't good enough to get a bank involved).LTOs pay all taxes, insurance, utilities, and maintenance ($$$).LTO's pay market rent at a minimum, often slightly higher than market ($$$$$).LTO's receive none of the tax benefits of home ownership, because they don't own it ... they are waiting out the clock, and trying not to violate the terms of their agreement until they own it.I won't even attempt to get into all the different flavors of shadiness that investors will paint themselves to obtain property to sell LTO, that's a whole different rant.In this situation, the owner (real estate investor or otherwise) gets all the benefits.  

Put your agreement in writing.

I made contact with the tenants after paying for it and was able to view the inside which was immaculate and I was able work out a new lease and raise the rent $300/month from their previous month to month agreement. 

Hey @Carlos Querido - I think you're smart to ask about CT so you become aware of any rules or regulations you must adhere to, but the wholesaling process is pretty much the same everywhere.FYI - I have a 3-video "Wholesale Accelerator" course (with sample Purchase and Assignment agreements) that I give to free only to my colleagues here in BP.  

Is there some other sort of agreement like a personal placement memorandum that is required? 

Is this loan part of an FDIC loss share agreement?

I think it's perfectly acceptable to do what you plan to, if your broker is knowledgeable and in agreement with you wholesaling/investing altogether.

You just create a written agreement between the entities that LLC A will borrow $x from LLC B, at no interest and to be returned by a certain time.