Much like a horse and a mule, IMO, it's more to the intent in creating a financing arrangement of a consumer transaction.

From an asset protection standpoint, the LLC should have multiple owners if possible (people or other entities), and there are arrangements for single people.

On the flip side I'm frustrated enough that have contemplated just jacking the price up way over list and walking away after 45 days as no deposit is required.

I believe the other son (husband's uncle) and daughter (aunt) each have their own properties and primary residences too (I forget the exact arrangement, I would have to check with my husband again) courtesy of their father.Let me correct myself and say that my husband's brother does work a job (very long hard hours while living in the family house with grandfather & father).

I'd also try to arrange a longer term sandwich lease option if I were you, so that if your tenant buyer doesn't buy, then it gives you enough time to find a replacement.In a perfect world, lease option deals will still fail often.... people get divorced, change jobs, lose jobs, or not get their act together and not be able to qualify before the option expires.

I brought this up more than once in our email exchanges as part of the application process.I'm thinking of giving him until this weekend to arrange the situation and put down a deposit to hold, otherwise I will start showing the house again.

Knowing that I am getting into Real Estate, he asked me if I would be interested in "borrowing" the property from him while he was gone.So I'd imagine this would be a lease arrangement.

Most people I know in my age range are either moving their parents in with them  or making arrangements to take care of them. 

Such an arrangement would be perfectly compliant w/ IRS rules.

Start out by thanking them for there concerns and criticisms by making you aware then genuinely telling them what makes them a good tenant and characteristics you admire, after that tell them why this arrangement will be mutually beneficial.