I do believe I discern agent commissions though.Once everything is properly accounted for, what was the return on investment? 

Do the math.

It doesn't have anything to do with transfer of lease.

I haven’t made my first initial purchase of a rental property but I definitely want to and have plans to do so.

I'm looking for suggestions, guidance; how do I word this in a lease agreement?

Here is exactly what the rate cut itself will do: NOTHING!

Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Reco...

You can always include the cost of the land into a construction loan but if you purchased it already it can play in your favor.At the bank we do all of the work you basically apply for the construction loan and the Building department along with processing sets up the entire process.

Most likely, the owner is doing all the work for free.  

I understand that the beneficiaries of the estate didn't want anything to do with operating commercial real estate, so it was just left to fail.