There are probably some uptight agents out there that would hold you to that agreement but if not's not working out it's usually beneficial for both parties to go separate ways at that point anyway. 

You could later assign the beneficial interest to another party (the LLC).

We try for everything we touch to be "mutually beneficial".

Have you tried asking the executor of the will or the attorney that drafted the documentl?  

Does anyone know what other documents I should have to minimize my risks as a private lender?  

besides a potential source of income, if you are buying properties in any capacity ... wholesaling, fix and flip, buy and hold, etc. it could be very beneficial.

Thanks Jon, that's what I thought.I'm in a non-real estate partnership out of state (CA) and it's involved.I'm silent, passive partner, still one day in CA triggers more.I would assume I would still file with a loss to have the loss carry forward documented.

The fact that he apparently wasn't going to rent one to her and her boyfriend, neither of whom could document their income, was a big red flag.

In addition to the boiler plate rules, I have a specific set of rules for each property based on it's quirks/features.2) Since I have PDF copy of everything, I also email a link to a dropbox file with all the documents to that property & their lease for their reference (rental agreement, house rules, utility info, appliance info, etc).

Your HA contact or the Owner should be able to help with your questions as well... http://portal.hud.gov/hudportal/documents/huddoc?