Use an installment agreement that does not use a deed-in-lieu.Best approach to acquiring a property to be improved is really buying with a Sub-2 transaction or a note and deed of trust taking title to the property.

Someone with expertise in this area and with full knowledge of all documented details of the legs of the transaction will have to give you a definitive opinion.

I let them all know that the worst case scenario in this transaction is that they are getting the property back.

Just wondering all of you doing Sub2 transactions?

I see that you're in California; do you happen to have any recommendations for a CPA thoroughly familiar with the code regarding real estate transactions?

Or have an Oregon LLC for Oregon deals and a Washington LLC for Washington transactions?

It still isn't clear what happens with transactions that are still in process.

Doing deals the right way from the start and successfully closing the transaction to me is worth it.

Take a look at few:Solo 401k offers Participant Loan Feature which allows you to access your retirement funds any time for any reason (example would be investing in a transactions that would be otherwise prohibited).

I focus on the commercial transaction side nationwide for my clients and then have each team member handle their part of it for my client (attorney, tax accountant, estate planner etc.)Hope it helps.