This is basically a choice of seller-financing or a private money loan.Lastly, what all should we do to structure the legal contracts and everything? 

Online home tours growing as a safe alternative in times of social distancing while real estate industry deals with sudden uncertainty.The sign outside the house says For Rent, but Eleanor Baker hasn’t been in a hurry to find tenants since the coronavirus pandemic took over Jacksonville’s life.

Cash flow is pretty tight in the area as you mentioned but curious how the other choices work out for you

Your sellers, if they are retail, have more of a choice to stay put and wait out this tipping into a buyer's market vs. the seller's market that it may have been resembling before COVD-19.

Focus on helping them get the money to pay you before exploring alternative options.

There are alternatives to bank financing like non QM lenders or lenders that offer long term financing for renters.

I’ve been to Black Diamond REI which alternates between Worcester and Burlington.Both groups have switched to meeting virtually until their states’ stay-at-home orders are lifted, of course.

Originally posted by @Terone Johnson:Hey @Toby Yu Great choice!

Those lenders that have in house money or access to alternative sources are going to grow past their competition in these coming months. 

I have been practicing real estate taxation in Texas for over 20 years, and I do not understand what your attorney means by an association being an alternative to a partnership.