What are some suggestions on how to structure this deal ?

@Emanuel Vega you seem to understand the basics about the LLC so I will leave it to an attorney to talk about how to structure things.

Lots of different ways to look at the loans and structure is incredibly important.There are a variety of commercial lenders and just as wide a variety of loan programs. 

What would be the best strategy to structure my offer?

We figured that chances were very low of encountering a burned down condo or one with extreme structural issues.

Our HOA documents clearly note that any structural change or change to the exterior of the home requires written approval of the trustees.

. - one concern was the supply chain, which Steve Jobs once mentioned that U.S. would have a difficult time investing with that sort of infrastructure that China has to support the product: https://www.forbes.com/sites/forbesleadershipforum...Anyway, a long discussion perhaps enough to jog conversation!

This is where you propose a long term deal structured as a payment to him from your positive cash flow. 

For example, bank fees and company supplies?

I know federal law only says structures built  before 1978 and this was built in 1986, however when it comes to safety and your family, I understand you cannot be too careful.Please let me know when to expect this testing so I can arrange for a representative to be onsite.Thank youNOTE: Never send anything like that to someone on a house before 1980ish.