And regarding pre payment penalties, you can arrange a higher interest rate on the loan to avoid it  

Thanks for the responses, that's what I was thinking.So next question, If I arrange to have somebody remove the tree from my property, what if the neighbor comes back and says that it was his tree and he wanted the wood?

Sometimes you can submit an LOI and that will be enough to arrange a meeting with the seller

My PM then arranged a on-site meeting with the tenants today.

No "tokens of appreciation" have been exchanged but a tone was set from the beginning regarding both of our expectations of the arrangement.

I should probably have my wife write them though because I write like a preschooler.

There are always people who find different arrangements appealing.

@Nathan G. makes great points about what you're giving up.There's something else to consider: what happens if you sign an undermarket lease agreement with your friend, and then you decide the arrangement is NOT working out?

Sec 8 arrangements do NOT supersede state law.

@alfred so he may have the the sec121 exclusion..Unfortunately, the best way to protect his capital gain issue is to find a buyer that will accept some sort of arrangement...