A couple years ago he raised the rents due to his insurance co. raising his rates because it was an old wooden structure and a fire hazard.  

Have you priced out the permits and how they differ for a brand new structure (the Boxabl) versus renovating an existing structure? 

My main concern here is structuring the vendor takeback in a fashion that benefits both parties in order to make the deal happen.

I found this deal on the MLS and negotiated 6k in seller concessions to cover some small structural concerns How did you finance this deal?

Thoughtfully structured Seller Financing can help them ease their capital gains pain without needing to exchange into another property.#2: The Low Interest Rate Environment Means Financially Conservative Sellers Can’t Generate Much Income on Their Proceeds through Bank DepositsMany non-owner occupant property owners bought their properties as a way to safely create an income stream.

The reason I ask is that the method of acquisition has a big impact on the financing structures possible. 

This duplex was converted before zoning laws took effect in the area, and was grandfathered as a legally non conforming structure, listed as a duplex. 

A partnership is a marriage, if it breaks up, it is rarely amicably, and there is always pain, whether it be emotional, psychological, and/or financial.That being said, you need to talk to an attorney to create a well structured partnership agreement.  

We do it by providing the new buyers with peace of mind… brand new structures, brand new mechanicals, and brand new kitchen and bathrooms.

Do you guys have any tips on how to proceed through the agent and structure our approach knowing she was widowed in dec 2020?