If payment in full is not received, then sue in small claims (for under $10,000) or hire an attorney and file a civil claim (may be very expensive).But if/once you receive a judgement, it does not guarantee any money.

From what I understand it takes longer to close on these loans and their are more hoops to jump through so as a seller I may be willing to take a lower amount to lock in with a more guaranteed sale. 

The only time it would matter about what your lease contract said is if the law didn't already specifically cover the circumstances in question, however I guarantee you that every state will already have rules about who gets to keep the deposits.  

Neither income is guaranteed: RE agent or profit from the flip. 

Guaranteed Rate was running a special right now for BP pro members in which they are waiving lender origination fees.

The majority of the loans have personal guarantees.

The majority of the loans have personal guarantees.

The majority of the loans have personal guarantees.

This way I still have control of the property and deal, while he is guaranteed his income, as well as not having to be liable for the property, as the general partner will be.

But I can guarantee you my name isn’t on Sunbiz.