Thats why you have lawyers or title companies checking to make sure that the title to the property is clear to the new owner, ie., no mortgages or liens against the property or judgments (back taxes, special assessments, unpaid water bills) either.  

You can't expect your attorney to be a lawyer, marketeer, investing specialist and negotiator rolled up in one. 

@Trevon PeraccaI am not a Lawyer, but the internet is a bit of the wild west when it comes to laws.

I'm not a lawyer, so I can't give the best advice, but I do know that transactions in real estate must be in writing, which it sounds like some weren't.

In some states, a lawyer can broker real estate deals without getting a real estate sales or brokers license.Also, i read elsewhere that "bird dogging" is illegal w/o a real estate liscence.

In order to do this you have to get a lawyer to draw up an assignment contract for you that will cover all your bases.

It's almost complete, and a lawyer is currently working on the by-laws.  

Postpone the closing and have seller pay for your accommodations, storage, extra cost for move etc.Turn this over to your lawyer to manage.

I know you're not a lawyer but if I had my real estate license would you still consider this a grey area?

If you have a property in an area where you can command a Copacabana type rent, I would at the very least have a property lawyer draw up an iron-clad rental agreement.