Same name on tax records, insurance, and name on deed remains the same. 

NOTE: The Periods of Ownership and Use of the Home Do Not Have to CoincideThe requirements for ownership and use of the home may be satisfied during non-concurrent periods so long as both of the requirements are met during the five-year period leading up to the sale.

If the borrower remains in possession, they can get up to $3,000 of cash at closing for moving expenses.

I only do month to month leases and only notation I add,  is for new tenants that rent rate of $$$ will remain the same for the next 12 months until date of XXXX  if I'm sure I don't need to change rent for that period of time. 

How long do I have to stay in the first home if I financed with an FHA loan before moving to the next to satisfy the requirement that I bought it as a primary residence?

(c) If the tenant remains in possession without the landlord's consent after expiration of the term of the rental agreement or its termination, the landlord may bring an action for possession.

So basically the agreement would be that as long as that's months expenses are paid (everything included below) they would get the remaining until they were paid off.

Top 3 remaining questions in my mind...1.  

Two partners would remain in the LLC.  

So he wants $100K cash and will do seller financing on the remaining.