I know the main agreements when doing a lease option assignment are the lease and the option to buy contracts along with the assignment agreement or release agreement My question is once the end buyer decides to buy with the original seller will they need a new purchase and sale agreement or will the original option to buy agreement suffice ?

How does that work , some people use a release of interest contract so will I use the 3% fee for release of interest and not use the "option consideration" verbiage?

If you are going to flip the deal - let owners know when and how you are going to accomplish that magic.Your deal is NEVER complete until you have all the paper work in order and you understand every word in every form you use; assignments, skinny contract, days to settlement, possession, release of liability, auto extensions, hybrid agreements.Know your exact exit strategies from the beginning.

Now let's go to Lunch and celebrate!

My wife and I are returning from a 10 day vacation celebrating our independence!

I pay 10% of collected rents and no leasing/releasing fees.

Is it possible to rent the property as a 2 bed and place verbiage in the lease that releases me from liability should the tenant use the two non-conforming beds for sleeping in?

The lender is setting up release provisions (they call it partial pay-downs) so that we can do that, and the acceleration clause is 120% for each property.Has another ever done a loan like this before?  

I doubt they will offer to standby until you re-lease and will probably offer you a lump some/ lease termination fee.

Firstly, the HUD inspector isn't supposed to release funds to the contractor until certain stages of the project are complete.