The documents to the transaction can be involved but the assignment is fairly simple.When someone doesn't know the difference between an assumption and assignment, where there is a big difference between the two, that is not someone you want to be learning from.Assuming payments and assigning contracts is a valid method to structure a deal, so long as everyone is informed and aware of what can happen and works much better when a third party is involved to eliminate many of the risks....

While arranging and setting up a trust shows some rudimentary estate planning, it certainly doesn't eliminate anyone from being or becoming a motivated seller.

I'm leaning toward vinyl plank instead of carpet - this will eliminate this issue moving forward.

It's best to ask why and what for as there are junk fees that you can negotiate down or eliminate.

Can I say that the basement suite is only available for not more than 2 persons, thus eliminating his kids from coming over, thus making him not want the place?

Plus, by laying everything out up front, I would think you would eliminate some tire kickers and/or folks who just weren't bright enough to extrapolate certain details by virtue of it being a condo. 

Should it ever be removed from the ag exemption, the appraisal district will "rollback" the ag exemption and you will be taxed on the exempted value for the last five years, plus interest (even if you did not own the property for the entire five years).As long as you have the ag exemption in place, you will eliminate any rollback tax for the number of years you've owned the property in excess of five years.As soon as you close, go talk to the appraisal district's land guy about what he needs to see in order to keep it in ag.

I asked my attorney a while back if there were any advantages to a person setting up an LLC in Delaware if they were going to buy property in another state.He said Delaware had eliminated or scaled back a lot of the benefits that originally made it an attractive state for LLCs.When you couple that with the expense of registering the LLC in the state you'll be buying property in, he said you are most often better off simply creating the LLC in that state.As mentioned, you should consult with an attorney to discuss your particular situation.

I am a one man band and eliminated all agents years ago due to headaches.

You can do so by using self-directed IRA (or Checkbook IRA if you wish to bypass the custodian and avoid transaction fees associated with one).If you have any self-employment activity then a better option might be truly self-directed Solo 401k plan, with it you can completely eliminate the custodian, gain better protection from creditors, access your retirement funds tax-free via participant loan feature and more.Income from any investments you make with your retirement account must be going back into the IRA or 401k, you personally can not use it.