I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

Realistically, there should be no benefit, and there are probably some disadvantages, of doing what you propose.

I really want to have them sign a contract that I can drop in the scope, schedule and proposed fees to provide some protection for me.

Quote from @Nate McCarthy: @Jake Andronico, thanks for the input--I agree that any deal I would propose would have to be compelling to the seller, hence this think tank!

I plan to negotiate the rent and I want to present my proposal to show how I’ll manage the property responsibly.

They can inform you of the process and the chances of your proposed use getting approved by P&Z and/or City Council.

@Kin LayThere could be gift tax, income tax, and property tax implications to a proposed transfer. 

I’m considering consulting a lawyer to clarify these issues.Two weeks ago, I reached out to the tenant via email to start a conversation and propose a win-win renewal, but I haven’t heard back yet.

Should tenant fail to response, you would request a default judgment and under the proposed facts it would be granted in all likelihood.

Was looking to save where possible in this market but the method I proposed is not worth the consequences. looks like 20% down it is!