We often buy our properties without formal inspections.

However, you will need to jump thru some hoops first, specifically start a formal W2-style payroll for yourself.In short: create an LLC if your attorney says so, and hold on any S-corp election.

Just get the info tell them to expect a phone call, text, letter or appointment their option; in a few days.Do the math, write up a formal agreement to assign.

Write him a notice that says that you agree to terminate his lease in the event that you get a new tenant paying equal or greater rent than he was paying and that he has to continue to pay rent until such time as his lease is terminated and you will send him formal termination paperwork at that time.

Even though you might not be able to receive your money back through legal action please file a formal complaint with your local district attorney. 

So then he says to me we only lend to second or third generation farmers if they have no formal education..

Once the LOI is accepted, bang out a formal PSA. 

UNLESS one is her formal name and one is her preferred name.

There are basically two groups, those that advocate guru instruction and those that lean toward a formal education.

They also have an issue with tenants they know nothing about, creating what apparently has been a pattern of disturbances that they do not experience with the tenants they  actually had a formal lease contract with.