Meaning that they will agree to do the early work with the understanding that if you go forward with the project, they will get paid if for the spec and forward work if and when there is capital (debt or equity) to pay for the spec and forward work.Even if you can’t get either of the parties to spec the work the time and cost to do the early work is short and comparatively modest.

There is often a tendency to argue with the other party and provide far too much information on past issues to the court. 

Currently a 3rd party reads electric meters, prepares a statement for each tenants, mails statements to onsite manager, OM gives tenants statements, tenants pay OM by money order and old owner picks up funds on the 8th of each month.  

We have had people leave a mess, throw parties, bring in dogs unauthorized, cancel last minute, and leave bad reviews for no reason. 

In other words, if the contractor finishes the work 1 week earlier than scheduled (agreed to by both parties of course), and I give him back via the early finish bonus my exact daily cost, I can move on to the next investment that much faster so in the end, it is a net gain to me AND a net gain to the contractor.

So on the loan documents only 1 person was needed to sign the note but we required the other parties to Docusign personal gurantees, W9s, ect.

Likewise, the lease is there to protect all parties.

@Nicole HarringtonFirst congratulations the hardest part is done!

What did you see at pros/cons for each party?

You should have been able to purchase a title policy but it probably would have contained an exception for parties in possession.