He said for me to send the proposal via email for his documentation since he is a realtor so I did.We will see just how long it takes to get this going now.

You can also look at court documents to see how your courts are valuing different types of claims being made.

What legal documents do you typically use with sandwhich lease options.I had my lawyer write up documents for wholesale lease options, but how will the paperwork for a sandwhich lease option be different?

@Raji Ahmed There is also on the west coast ( specifically California) what is called an "all inclusive deed of trust" its a wrap document that is in the form of a DT and spells out the senior lien right in the document..

And since most small business owners are self-employed and don’t have personal income and tax documents to support this requirement, they usually don’t qualify as well.What can you do instead?

This means you must have a board of directors and hold annual meetings with all the correct documentation.

Many associations are professionally managed and have documents, meeting minutes, etc. on their web site.

You need the ability to exit this type of transaction quickly, buy it, refinance it or sell it to obtain cash to pay off that underlying lender.Otherwise, yes, the Operating Agreement can make sufficient provisions for you to lease, manage and profit as well as to "buy in" based on principal reduction or other agreements.I applaud your strategy but this is not a DIY document, see an attorney!

It's also totally legal to ask the applicant about the source of income and you may request documentation to verify it.

Also, contact the owner and offer cash for the redemption right, with the correct document. .