However, there are many factors to consider, and I want to ensure that the right people are involved at the right time.The renovations are nearly complete, and I am already collaborating with a condo conversion lawyer to draft the condo filing documents.

If you don't already know those concepts, start researching them, so you have a good basis for a conversation.

Tacking onto what @John Koster said, the POS ordinances can be tougher in certain cities than others and the tax rates in the burbs can turn a dream deal into a nightmare rather quickly.I'd find a knowledgeable agent who also invests and work with this person to learn the areas and see what fits your investing profile.

And if I would be interested in a one year personal coaching for $3,500.

I can honestly say I have added an abundance of impactful investors to my network and had some of the most beneficial conversations to propel my investing career in the right direction, in just a 3 day span! 

Conversely the owner called a vendor the next day and the vendor appeared before the end of the week. 

If you were in Seattle you could not end this lease or month/month, no options at all, and you would be stuck with this person until they are carried out.

You could set up a “deferred down payment for 12 months” or have a stepped up down payment (so much per month until number is met) It's really whatever makes sense for the two of you.Things to consider, property taxes have to be paid, repairs have to be made, vacancies have to be accounted for, insurance has to be in the name of the person on title.

I personally have not invested in a property like this before.

I kept trying and one person on here told me that it could.