If this is the case, you could utilize a strategy called "Subject To."

There's a glut of sub2 education/information out there these days, so you certainly won't lack in that regard.Some of our members have done hundreds of them without issue, so just seek those people out at the meetings and talk to them.

Hope this helps.

Thank you for the informative reply.

Now you may ask why you would do this?

This will allow for you to cleanly pursue an eviction if ever needed.

This is alot of hard work, the hardest. 

How are landlords with student rentals handling this?   

To "soften" or reach a compromised we agreed to ONLY have $30K of the $60K in funds be considered "OPTION CONSIDERATION" funds (giving us the EXCLUSIVE RIGHT to buy the property at the $300K Purchase price) and the OTHER $30K of funds would be STILL be given to them but we informed them that it likely will be consider TAXABLE INCOME to them.

@Jake Barrutia I personally see this as a huge red flag too.