The first line of my addendum reads: "This Addendum incorporates by reference the P&S Agreement between the Seller and Buyer dated ___, and should any inconsistency exist between this addendum and the P&S Agreement, this addendum shall control." 2 Critical Terms to My Addendum:1) In California, the standard P&S Agreements / Offers Forms contains language that an assignment can only be made if you get the express written consent of the seller.

I can't speak for every QI but the way we handle management is that while the EAT is the owner of record, you actually have a NNN lease on the property that allows for sub leasing so you control all expenses and manage all aspects of the property.  

Not an area for new investors to venture into, it's always best to insure title. :)   

Right now you have few options and are not in control of the direction of the situation. 

Hello BP, I've tried this post on another forum; no response, maybe I was in the wrong forum:  My dad & I are considering entering a joint venture with a good friend of mine who is an GC. 

You never know what some of those companies or CEO's are hiding.Reit's you have diversity but no control.

Remember you don't have to own a property to control it.

The bank has no control over the occupancy, and Always would rather have an occupied property. 

Remember you don't have to own a property to control it.

The LLC pays down the Loan over time so C gets interest and return of principal, and A & B get benefit of controlling more property than they could without C's loan.