Only problem with this is that they exercise in 2 years and i reduce by 3 year assumption.Also, on the HUD how are you having the option deposit be credited as a downpayment?

This will explain the role of the partners in this newly formed LLC.You can rush the paperwork back for an extra $250 or so on some sites, depending on your state.Now submit the POF from your Cash Buyer, who is now also a Partner in the LLC "that you now OWN" and get it to closing.Your Cash Buyer shouldn't have an issue with you wanting to operate your real estate investing business ethically and with integrity.And you've done everything the seller's attorney has asked of you to move the deal along to closing.Then, as he said, have an agreement in place to sell your 50% in this LLC to him for what would have been your assignment fee.

CO.We are working through a roles and responsibilities matrix to set expectations and move forward in a clear way as to whom will carry what level of responsibility, who will remain just informed/consulted, etc.We are currently in the "forming" stage of developing our partnership. 1.)

Once I find a Buyer, I'll go back to the Seller and exercise my option so that we can then sign the Sales and Purchase Agreement.

My wife and I need a role model!!

I’m slowly playing a more passive role and will eventually be exiting that business as we “consciously uncouple” and starting my own - I’m on my second project in Denver with my new business partner, who's a real estate agent in Denver and would also love to come along for the ride!

Isn't one of the first steps in forming a partnership or venture determining what each person's role would be? 

I also own 50% of a construction company and my role in the company is the business side (accounting, legal, marketing) as well as growth and overall efficiency.

My apologizes -- my question was directed to @Dawn VuIn New York City, a commercial Landlord has the right to vacate the buildings office tenants if there is a demo clause outlined in the lease agreement and the Landlord decides to exercise this right. 

Anyone buying on there does need to exercise their own portion of due diligence to seek out the non statistical data that websites and RS cant provide such as blocks and neighborhood issues.