@Mindy Rosscup, you want a contract that is specific to the laws of your state.

He's operating  business, taking the risk, providing a service to his community.Your tenant should be thankful that he saved so much money over the years, but he's more likely to feel entitled and that his rent should never increase.

But that is also in the very nature of real estate, it is long-term.

I tried to get a HELOC on my rental property, but the bank denied me for a low loan-to-value on the property.

My thought here is that these properties will have no mortgage associated, purchasing the property offers the opportunity to have the deed issued for the property. 

Wet signing the lease in person is the only opportunity to talk to the tenant about stuff that matters - so we quickly switched back.

If you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion, where you get the first $250k ($500k if married) of the gain tax free.

The questions I would ask - what is the interest rate? 

Renting it out now could help cover the mortgage, and you’d benefit from any appreciation over the next two years.

Here you would sell to someone that can run their business form the home or the garage/workshop if that’s allowed by local code.