I am thinking of structuring the exit as follows if the property doesn't sell.Cash out Refi if property doesn't sell in 90 days after listingValue at $425K (regardless if appraisal comes above that amount)Take on a loan for $332,500 (Partner's $270K + 62,500 split)I would then hold the property and rent it out at $2,400 per month.My cash in would still be $30,000 (plus any equity i keep from refi)I guess my question is: Does this sound like a good deal and is it a fair exit for the partner. 

I do inspections semiannually.In my relatively short tenure as a landlord, tenants that are "up to no good" have both (a) paid rent like clockwork and (b) been unresponsive to any communication.In addition, my lease has the following provision:  (o) You shall keep us informed of your current contact information at all times, including phone numbers, emails, and emergency contacts.

If you make the offer, be ready for a desperate seller to accept and follow through.

I'm going to Follow the thread as I'd like to know the answer myself. 

Bigger Pockets books and Podcasts pushed me towards joining this platform.

Thank you to everyone who has been a long time contributor as you are the ones who have helped push me into real estate in the first place!

The following is not a legal opinion (I'm not an attorney) but it is a practical opinion having taken assignment, having assigned contracts, and having purposefully prevented assignments and having heard attorney's opinions on this about 3 or 4 dozen times over the course of my career for real estate contracts in Ohio. 

I've been following BiggerPockets webinars, reading through the forums, and reaching out to members to help bring this desire we all share to life.

This will allow me to keep paying down while also helping to push forward the next property.

I'm thinking of the following options:1.