Heightened interprets rates also play a role in this.For the future though.

We intend to find an attorney to aide us in establishing clear roles and responsibilities as well as financial benefits, which we plan to do (if anyone knows or recommends someone please comment their information below). 

The DP is important because if the property is positive CF, the only cost to the REI will be the DP...and initially, the main role of the CF is to recover that cost. 

You need to clearly spell out roles and responsibilities, distributions, and more.

It sounds cheesy, but the best way to prepare is to work with a friend or two and role play.

You should have a detailed partnership agreement that spells out roles and responsibilities.

After you can do that, ask your broker or another experienced agent, to role play with you as you present them. 

Those who want to move can finally exercise this option and avoid the extra expenses and stresses involved with things like bridge loans and HELOCs.  

I agree... it's not clear how we could get to this "buyers market" i'm referring to... however I like the mental exercise of thinking forward to what has happened in the past and could someday happen again for us.

It is a NON refundable option payment credited to the purchase price if the option to buy is exercised.