My confusion is what if there is a rider that stipulates it can't be sold for a certain amount of days.  

So if your going to be doing this on the west coast be sure to ask the title co. before hand how the cancellation policy is handled. and or have it stipulated in the contract that the EM is to be released back to you within 30 days of mutual acceptance and make sure that will fly.Its one the reasons our closing are different here. 

For appraisal purposes, a closet an door are not necessarily required for a room to be called a bedroom... but there are conditions and stipulations.

I rented an apartment in 2007 for a few months before I went to Iraq for the first time and the apartment neglected to inform me of these stipulations until I had broken the lease to deploy and ended up keeping part of my deposit or last month's rent (can't remember which) to make up for the difference.

Perhaps you can bend a little more, but draw up a contract with stipulations stating that you can front him a portion of his money through the $750, but it will be deducted from the final amount owed once closing is complete.  

I had the understanding that rent is late after the 1st, but there is no late fee until the 5th (or whatever date the lease stipulates).

When they arrive we have our lawyer try to get them to sign a stipulation stating they will vacate by XX date.

Perhaps I must stipulate my majority ownership through an LLC?

Quick update-I did get the rent from the tenant, and an agreement signed stipulating what the current rent is and when it's due, etc.

The IC agreement agents sign with a brokerage usually stipulate the listings and buyers etc. belong to the brokerage if the agent leaves.No legal advice.