Even then, he had noticed that the dark blue streaks running through the soft lime rock resembled human veins.

I refer, of course, to the automatic monthly deposit of my entire pension, an arrangement which, I admit, has been in place for only eight years.

A mortgage is not ASSIGNED ina sub-2 nor in any other arrangement by the seller.

My best friend was able to arrange a meeting betwen myself and her boss friend which is one of the most successful REI in town, he has been an investor way back in the 60's, know his stuff and up there.

Another disadvantage to Sharm el-Sheikh compared to Hurghada is that foreigners are not allowed to buy property there on a freehold basis - it has to be bought on a leasehold basis with a maximum duration of 99 years.Although Sharm el-Sheikh and Hurghada are the two locations that are currently seeing the majority of development on the Red Sea, it is inevitable that other resorts will start to take off, such as the Zafarana Beach Resort, which is located 135km north of Hurghada.If you are interested in buying property in Egypt, then it is better to arrange financing back home or to make a deal with a developer who is able to offer full financing deals.

I have been very happy with this arrangement.

Understand too, that the "additional" value that has been obtained in this property is an equity that will benefit you further, you may borrow against it, you'll have an advantage too simply on your financial statement in obtaining other financing to do other things, as a lender, I might be inclined to cut some slack on the debt coverage ratio in a new loan, a compensating factor having such a long term tenancy arrangement.With all the numbers and the intrinsic values considered you can arrive at a win-win arrangement.

You may have to go with a commercial mortgage to achieve this arrangement (I do not know if residential lenders in the great state of Tejas will allow a 10% Vendor carry and a 15% down payment ... perhaps @Hattie Dizmond or @Bill Gulley could lend insight)A final strategy might be to lease the entire building from the owner - with the right to sublet the individual units (ye olde sandwich lease).  

If they want to change the living arrangments in the future the daughter would need to re-apply on her own.

County laws (at least in San Diego county) requires you to disclose to the owner in the written agreement all financial arrangements between the parties.