You drop out of the transaction after you receive your assignment fee.

If the seller needs some time to move out, you can use something like this:https://www.car.org/-/media/CAR/Documents/Transact...I used it when a seller needed the cash from closing to move.

I just received a 6Unit lead in Florida...

You have to document your intent to defend your position. 

If you go that route you need several documents to protect you and effectuate taking over mortgage payments (POA, notice to release, etc. )If you only have a strict 90 days to do this then in your agreement that should be spelled out but several things depend on your relative and how secure he wants to be in the fact that you will basically hand the house back over to him at the end of 90 days if you haven't sold it.

I was taking with a lawyer about getting documents made for rent to own property.

Buying in Nevada, scheduled to close Wednesday, already received a clear to close. 

I can't remember all of them but there was a garage that needed to be painted and repaired, an antenna on the chimney that had to go, a porch that needed repair, etc.Inspector said that all this had to be repaired or he would continue to receive fines. 

They are sky high AND I just received a stupid high reassessment from the county for my rental property there.

Very simple.Then I heard I may need to apply for a local business license through the city I live in, just because I'm receiving money ?