I would be curious to know the details of this offer.I shall assume the following - correct me:The seller has owned the units for a long timeThe units are in need of work and managementYour option is for less than 3 yearsYour are responsible for taxes, repairs, management, violationsThe owners receives a net monthly payment, regardless of how much you are able to collectThe seller has been unable to sell them for a long period of timeThe seller is over 65 years oldYour option price will be below market valueYou are paying all closing costMiss a payment and you violate you optionThe units are 15% vacantThank for sharing,Charles

PM and I can give you the details.

Inbox me for details

Nothing you need to do other than bring them your deal so they can get a title search going and then they'll handle all the details of the closing for you.

In the scenario you described, you would hammer out the details, then work with your attorney to wordsmith the agreement. 

To do it correctly is expensive and by that, I mean pulling permits on all the electrical, gas and mechanical, vinyl plank flooring in the high traffic areas, upgrading the carpet above the cheap investor grade, new counter tops, ceramic tile, addressing all external issues including the fence and external buildings and tons of other minor details.  

Why guess that, with just a simple question_without details.

One of the best ways to motivate an employee is to create "skin in the game".Now figure out the details . . .

I will get with him to get those details and give you an update.  

PM me if you want details.