I would like to arrange for a fixed management fee payable to him, that would be extra income for him and an expense for me.

This seems to be much fairer owner-manger arrangement.

Let’s us know so we can arrange something and get together and discuss.Have a great week!

Also make sure to arrange any loans given to LLC not in the form of a personal guarantee.

I have looked on loopnet and run some numbers and I don't like at all what I am seeing.I will be closing soon on my sale and I have already arranged with a QI in order to setup a 1031 exchange.

If you have a signed contract that the buyer cannot perform to, I would be inclined to give him a VERY short grace period to try to arrange alternate financing.

This type of arrangement is often used for buyers who do not qualify for a traditional mortgage.Lease Option: A lease option is a type of rent-to-own agreement where the tenant rents the property for a set period of time, with the option to purchase the property at the end of the lease.

We successfully arranged cash-for-keys and the previous tenants were quickly out-of-site-out-of-mind once they moved out.

So if I can arrange it there will be a short walk. 

But @Avery Carl and @Luke Carl you've got a pretty good arrangement going on too... :) (don't know why it won't let me tag you, Luke!)