I'll let the others who are more objective tell you about pros and cons, that was just a note on semantics.

You should *never* exchange liquid cash for non-liquid assets or objects without a significant cushion set aside to pay actual expenses, and that goes for anything - living expenses, investment expenses, etc.

@Jd Martin, ah, it looks like the vote police have waived their objections...

Better way: Performance Trust Deed.That being said, I don't think you have a clear vision of either your objective or the current owner's long term plan.

We cannot self promote on here but I would be glad to help and have deep roots in Texas to assist you and your wife in your investment objectives in any way I can.

We've put some much effort into this deal thus far it is difficult to see objectively at this point.Any feedback would be greatly appreciated, thanks BP community!

(Note: You will not ask all of these questions depending on the answers the seller gives and your investing objectives.)Asking About The Seller And Their Property: Can you tell me a little bit about your home?

If your objection is to how how they are living, you can't legislate this.

If you have a major employer who supports 10% of the town then you could face serious pressures when there is an economic slowdown and they cut jobs, reduce hours, furlough employees or look to outsource work to cut cost.You have done some reading on BP but are you ready for investing in the US.What are your objectives, goals?

I believe strategy is very much a personal fit to your skills/resources/risk/objectives/weaknesses.