To echo your concerns Jon, triple net investments can certainly fall apart quickly in the event the tenant vacates.

I'm also not sure if this falls into some syndication category and becomes very complicated.If anyone has any experience structuring such a deal, I would really love to hear the details.

What happens if your buyer falls out? 

So, this fall, the property came up on the tax lien sale.

I currently owner occupy and SF and will be looking to sell in the fall in order to purchase a MFR.  

@Rodney Smith Congratulations on having that kind of equity to invest with.I just did a 1031 for my parents this past fall with the same return.

Its a falling knife in that regard.

That way if your seller has issues and wants a Realtor friend or lawyer to review it, the Realtor or lawyer will understand it.We've used other contracts in the past, one page contracts, and have had our deal fall through because of it.

A delayed closing sucks, but to me, it falls into the "**** happens" category, and the deal was still in place.

It is also close to Minnehaha falls.