Hopefully @Scott Smith can jump in here and save the day (or another who is intimately familiar with asset protection).I tried to set up the structure flow on paper to wrap my head around what owns what and which thing's name is where.

Many in here won't believe the prices but I live in Northern CA so I understand.

I don't neccessarily think there anything inherently wrong with them, I just don't like the hassle and rather pass on a deal than deal with the potential legal problems.

The rationale behind these rules was a congressional assumption that certain transactions between certain parties are inherently suspicious and should be disallowed.

Unfortunately, quality oftentimes is inspected in, rather than being inherent.

Thanks for all the advice in here.

Now,How can I jump in here with my usual rants when an offender of prudent real estate practices appears to be as attractive and young as Jennifer up there?

I just wanted to jump in here while I'm thinking about it Jon.

Note buyers will be working pretty much on a targeted yield however and there will be a discount.Now, if you or your partner know of someone else who generally doesn't buy notes, some little old lady getting 2% in her CDs, she may be interested especially under the terms just mentioned.No need to get into other aspects as you have explained your partner wants out (or you do).....but you might also be able to use your note as collateral for a loan if you originate the note well and document it.Good luck...

At least in her case she actually spent the money on the house...