So let's just put a couple of them out there - I'm not suggesting you should or shouldn't do these things, just presenting food for thought on alternatives.How about extending the time period in which the tenant is given the opportunity to perform on the purchase?

I can talk to the owner about the low city assessment that prospective tenant/ buyers will look at...2-Year option with the right to extend up to 1 year.

I believe that if my money partner is willing to HOLD the note for an extended period (or until maturity) it will completely change the dynamics of this situation and allow for the owner carry strategy to be workable and for it to end in a win/win.

Conversely, I may be more than ready to stop splitting deals - I just can't know now- but having the option to extend or depart sooner is wiser.

There are many other factors but the way they they accomplish this is to reduce your interest rate temporarily to 2% and extend your payment period to 40 years.

That way, you are guaranteed an excellent rate for the duration of the loan.

Cleaning a carpet extends the life, I have had tenants that didn't have a vacume cleaner!

Wow.Can not believe so many members and so few post here.I myself, have not read the introduction until today, honestly I do not think I would have appreciated it as much if not being more involved as of late.The read was highly valuable, it should extend beyond BP, more business should be modeled after some of the writing, providing value, promoting integrity, and making your reputation in the community worth wile and trustworthy. 

And it still sounds like a half-way house.....I would also suggest you fully amortize this deal and extend the term for reasonable payments.

The one who has the checkbook wasn't employed for the duration of the tenancy.