That is what a buy-sell agreement attempts to circumvent, there are business and life occurrences that trigger state laws, such as death or bankruptcy.  

If you do end up pulling the trigger on this one, the silver lining is that you will learn a TON about the rehab process because you are going to encounter a lot of things you didn't plan on.  

I say bring on more old timers with a few gray hairs!

I don't believe he will ever pull the trigger even though I encourage him.

Very simple to set up; can be done at closing; can't legally trigger DoS clause.

Of course, the land contract sale could trigger the due on sale clause and both parties should be aware of that and have a strategy in place if it were to occur.

I am still learning the In's and Out's of Real Estate but haven't pulled the trigger on any deals.

Lauren,I'm a newbie here in Marlton, NJ and I just wanted to say congratulations on finding and pulling the trigger on your first deal.

I would make sure you have at least 3-6 months of expenses before you pull the trigger. 

Don't be so quick to pull the trigger.