Q1: Great points, we'll need to have a detailed operating agreement that outlines an agreed approach to all potential outcomes.

Quote from @Sidney Johnson: Hello all,Just writing to ask if anyone can recommend a book or books that outline the Live-in flip strategy.Thanks,Sidney Following I've read a few threads of people starting with live ins.

However, you should have a clear agreement in writing that outlines the timeline and conditions.

I believe NOLO.com outlines the process. 

I suggest setting up a partnership agreement that outlines the financial contributions that each party will make and the distributions each partner will receive.

We outline our criteria if they express interest so they know upfront.a.

I would recommend sitting down with an attorney so they can outline what the process will be like and their rent for closing the selling and what documents they'll need from you (if any because they can draft them).if you decide to sell to a residential buyer, make sure you're confirming that they are able to finance it or that they have cash to purchase it.

. - It’s recommended to have clear agreements outlining each party’s responsibilities, profit-sharing ratios, and exit strategies. 4.

Purchasing replacement property from a related party is typically prohibited except in very limited circumstances as outlined in I.R.C. § 1031(f)(2)(C). 

This, also, is not a public document.c) Once thats up a notice of  sale is sent which outlines the up coming auction and must be filed with the recorders office for the foreclosure to be legal.Another document which isnt mentioned a lot but is critical if you want to be in front of the competition who focus there marketing on motivated sellers from c onwards is the appointment of substitute trustee.