But I assume the inspector shared it without consent because a majority of the problems were covered up by seller before I did a walk through.

To clarify Jawsette's statement, the taxes will be prorated when selling in mid year, you don't need the buyer's consent for them to pay the remaining tax for the year, that's a given.Holding costs - Interest/loan payments, utilities, insurance, and any other costs incurred while "holding" the property.

At a minimum you should have a revocable living trust to protect yourself from probate.

@Danny Duran I'm marketing the deal (with the owner's consent) but I decided to not sign the contract.

Can you make a contract to make a seller finance to another buyer without seller's consent, having the new buyer assume your loan?

I have the applicants fill out a consent form that I fax to the employer.

Phillip, why irrevocable vs revocable?

The only thing worse being in a bad deal for 30 days is being in a bad deal for 30 days and 1 extra day.Also at play is how the earnest money can be terminated and if it involves mutual consent from both parties. 

Example contract verbiage:"This contract is assignable by Buyer without the written consent of Seller.

Part of that might be because I don't know how to ask the right questions and Im shy asking around at my day job for that kind of referral.Currently my best guess looks like holding title to the properties in individual revocable trusts and the beneficiary of the trusts can be an LLC.