I'd also get multiple bids and numerous interviews to see who is knowledgeable in that particular situation.

Every situation is different. 

Or if they don’t have the money to take care of a serious problem that could end up costing you a lot of money, you may want to step in and take care of the situation to protect your asset because, at the end of the day, it is still your asset until they exercise their option to buy it.

What your financial situation/credit score looks like 3.

Recent events have pressed more of a NEED than a WANT- looking to get my brother-in-law into a flip or BRRRR-type property for a few reasons: 1) Get a young single father an alternative living arrangement to current situation 2) Allow him to pay down debt 3) Get him interested in real estate investing for lifelong financial benefit.

@Gareth Meaker you are in a terrible situation over there, hopefully Australia will offer you a worst case recourse.No one is going to be able to answer your question effectively.

I would say hire a lawyer if you want to see if you can get out of the agreement and how bad your situation is.

Talk to an entity attorney though and they can guide you on best entity to choose after you explain your situation.

The situation he is in is a mess where he does not want to sell because he keep getting low ball offers and he'll lose money selling with an investor he told me.

New cranes in the air will probably not help the current rent situation from a landlord-perspective, as more competition comes (however, this usually comes along with more upscale tenants now exposed to the area).