Land can be complicated ans there are often all kinds of restrictions like zoning or environmental as to what you can do with the land.

You'll need to find the right lender too, banks have written loan policies approved by directors and small or medium size lenders won't allow non-recourse or there will be limitations to restrict such lending.

The CFD and options with a lease give possession, but not title, the down side in addition to that is that you may or may not be able to pull permits as required, permits are usually restricted to contractors or owners in title.

While I believe they aren't as strict now, they are probably the most restrictive in lending, so, while the window may not be required, if it's there my bet is the glass will need to be replaced.

While filings are a good thing to do for the optionee, they should not be free to cloud title without a detailed agreement or restriction.

Yes, a lease with rights to sub=let, an option and a seperate agreement for work to be done.I have no idea what Brian has as an addendum, but, an addendum is an addition to some basic agreement, if laws and custom restrict one from doing something under certain types of agreements, it's not a good idea to write another part of that agreement saying you can do that forbidden act!

I ask because there could be seller/ shorting lender restrictions on your ability to resell.Also, note to the other posters, Massachusetts convention is signing an offer to purchase, conducting inspections, and THEN signing a P&S.

It needs to address the functions but it should not be written so strictly or well defined that your by-laws or operating agreement becomes restrictive and requires modification to make a left turn.

Carrie Collyer - Your PM abilities were restricted because you were sending the identical message to multiple people.

You can convert an investment property to a primary residence and take advantage of benefits of the section 121 exemption for primary residences but there are limits, restrictions, and caveats.