He has multiple rentals himself and has assured me that I will be fine with his guidance and support.This isn't the path I thought we would be taking (self management) but by having someone do what I consider the "hard part" - finding/screening a tenant - I think we will be okay!

You'd then tell your T/B that because you'd given them an option to Buy this fine property you expected them to take care of it the same way they would if they'd already owned it.

Like the underlying mortgage where you said you were working with your lender, so I assume it's a private lender, hope it's not your grandmother.I see you're in Texas, contract for deeds are not done in Texas, you can do limited lease options, subject to transaction are fine and seller financing, but not installment sales contracts.So, you're deal is violation on that issue.Next, it's a new contract, you didn't comply with the SAFE Act, federal law, in this financing agreement with an owner occupied buyer.

Don't feel obligated to anything being sold, and there is a lot of free advice out there before you necessarily have to buy anything, but either way you go, you are doing fine.

My attorney said whatever I do is fine as long as my name stays off the deed.

Huge fines if you are not licensed.Paul

She said that was fine and denied the tenant's motion.

They don't age like fine wine - instead, they depreciate like cars.

Just study up on how to best mitigate issues, how to prevent issues as best as possible, what even constitutes and issue to start, and network with people who do fine with rental properties and find out what works for them.

Discriminating against this can lead you into big trouble which can lead to major fines.