Since he is still the owner of record, could he try to work out a deal with the bank and sell it as a short sale?

I work out of a house and use a post office box, I have no business cards, I use freedom voice for my 800# and fax, and my website is just another useless expenses I put up with every month in hopes of one day selling the domain for a profit.

I want to give them a "rental agreement" like a weekly rental facility, rooming house, or hotel/motel would give instead of a "lease" to avoid a long drawn-out eviction if things don't work out.

Have them close the new deal while you work out arbitration with the previous buyer (which you probably will win).

I'd like to know who you find if his does work out for you.

Who knows, it'd all have to be in the Lord's timing, but if it looked possible and I was able to get financing in the fall once my wife was working, it could work out.

It could work out very well for you....

We work out an amount to be credited for each job and he gets the credit off the next months rent.Last summer I had him paint the entire outside of the building, he didn't pay rent for almost 6 months.

and is easy to finance with lease/purchase options that work out quite advantageously for tax purposes.

I am worried about all of the things that could go wrong with this situation, but hope that it will work out for the best in the end.