As to the OP, you might benefit more from a non-circumvention agreement.

benefit for her, is that she lives there, and is actively involved with the directors.

Remember this; insurance adjusters are SALES PEOPLE first and foremost.

Now, these fines are uncapped, and the lenders can be assessed additional damages up to TRIPLE THE AMOUNT of any FHA mortgage insurance benefit claimed by the lender!

Who will hold the title the trustee or the benefiter?

What is the benefit of doing this, and if its for a rental, wouldnt you have to refi to get a good rate for holding the property?

CHARGE him for the time, you're operating a BUSINESS, not a charity.In future you should always adjust your leases so that they expire on the END of the month!

The benefits are that you don't have to actively be involved managing the property, it provides both monthly cash returns (based on the rents it gets) as well as equity growth and appreciation, and it is much easier to do an even-money exchange into a TIC.

Secondly, to have an IRA fund a portion and you fund a portion requires a lot of things as an IRA owner may not personally benefit from the IRA investments (prohibited transaction), as such, certain requirements must be followed to do such a thing.Also, there was mention of buying, fixing, then re-selling.

The price was then adjusted to 350K and sat there for 2 months before our offer of 335K.