You can write up a purchase offer with your friend as a short sale and submit it to the lender for consideration.

There is a long list of "concerns," one of them being that the basement stair height is unsafe?.

In my county, there is no limitation on how far before that date the comp can be from (though the further away from that date the less likley they are to give it much consideration). 

This stuff is worth investigating and deeper consideration, map out your business plan and devise agreements around the big picture and not to just what is to be accomplished but also as to what might be accomplished allowing you to grow and expand.

Here are some sites to get you started.http://www.westsoundworkforce.com/youd-better-know...http://www.avvo.com/legal-guides/ugc/independent-c...http://www.lni.wa.gov/IPUB/101-063-000.pdfhttp://www.esd.wa.gov/uitax/taxreportsandrates/who...When setting the wage of an employee, take into consideration the value of the total compensation package.

Hi Jerry,Thanks for taking a look and for making me aware of those maintenance-related considerations.  

Thanks for your consideration?

To that regard, I think trying to structure Seller Finance that is a win-win-win without those considerations may just cause more trouble than needed.  

a reasonable after expense net should be 1% a month, or 12% a year after tax considerations. a property management team with depth in that arena is just as essential as a co-venturing partner that may position you to derive that 12% yield on a fully passive basis.

We had to do onsite training and I literally cut them a length of ropeI told them walk up to a tree  At DBH  ( Diameter at Breast Height) put the rope around if you could put the rope around and measure.