It was a clean way to do it w/o involving either of our individual LLCs.

After reviewing, shoot, about 100 or more cases, I can see there are NO absolutes and the majority of cases where the entity was set aside usually involved fraud, gross negligence (such as your New York "lead-lord"), or a clear cut case of "alter ego".

Is this a good deal for all that are involved?

The landlord is ready to sign.Angel, if you put the property under contract you are in a better position to negotiate with a potential new owner than if your landlord sells without your involvement.

Daniel: part of the answer to your question involves why you need the 500,000 of insurance on your life.

This is a professional business were involved in.

Hi everyone, I've done a few deals but never one involving an owner contract.

If your friend is considering getting into a business where he has no experience the odds of doing well are low.

The agents involved might end up taking a note (IOU) for their fees, to be paid when the tenant/buyer actually buys.

They explained that with buyer and seller involved the fee is twice as much.