Have you thought about partnering up in joint ventures or getting involved in syndication?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Obviously there would be risk involved, as a lot of things can happen in 2 years.

Regarding giving notice, it is hard to say with out reading the lease but most leases give either party the ability to terminate the lease with a certain notice. 

The parent will be the sole member and you will want to establish the tax ID of the new LLC to point to the parent as the responsible party for tax purposes.

She will get the commisionIf you assign the contract to a third party, you are no longer the buyer and the agent would not have a relationship to the buyer or perhaps even the transaction.  

The best part is that interest Rates and loan fees can be negotiated with your lender.

You will then refinance the property with one of our third party lenders.The lender will allow you a 75% loan to value cash out refinance.

Having to dig up the parking lot and redo the line to the street and repave can be many tens of thousands of dollars depending on the length of the run involved and how deep the lines are.Make sure you have the full financial numbers from the seller and they verify before spending thousands on inspections to only find out sellers numbers are wrong and they will not adjust the price etc.Hopefully in your purchase and sale contract you had language such as due diligence period does not start until ALL of the items listed are received by the buyer.

I'm not sure if there are crimes involved with doing this or if its to avoid being sued but I've always been told not to do it.