It seems to me that soliciting someone with an offer to buy their house should be more of a "focused" exercise rather a "hit or miss" type of one ( mailings to me seem like just throwing a dart at the dartboard and hoping for a good lead...it's not really addressing the "real" distressed/motivated sellers who really want someone to help them).

After visiting the home & gently pointing out a few structural issues, I offered her $5,000.

My experience with most types of transactions for an asset, ownership does not transfer until the contract is exercised and both parties fulfill their obligations.  

After she gets bank financing we will put a 10k lean on the property as our coaching fee that will be due when the tenant buyer exercises the option.

@Jordan Workman nice work exercising your "deal analyzing muscle" - practice makes perfect, and being able to quickly vet the financials on these deals is an essential skill for any investor. 

I would start with the formation of the partnership LLC/LLP after a thorough discussion that you will both be on the same page for the strategy and tactics of investing, and that the partnership is a relationship of mutual trust and there should be gentle and considerate exit strategies for both of you, in the partnership contract.Then with the partnership formed get the house hack with the minimum cash outlay required to get into the deal, which is to say using the maximum amount of mortgage funds. 

What about if someone takes a property subject-to with every intention of paying, even if that means the balance of the loan if the bank exercises their due on sale clause, and the bank refuses do eve talk with them.

After all the work was done, they exercised their option to terminate the contract.What I could have done instead was add to the contract that the repairs would take place after the option period ended and/or reduced the price by the cost of the rehab.Lesson learned:  GET EVERYTHING SIGNED AND IN WRITING

Stock by exercising an incentive stock option and you didn't dispose of the stock in the same year.Any general business credit claimed on Form 3800 if either line 6 (in Part I) or line 25 of Form 3800 is more than zero.Qualified electric vehicle credit.Alternative fuel vehicle refueling property tax.

All rights, powers, options or remedies afforded to Buyer either hereunder or by law shall be cumulative and not alternative and the exercise of one right, power, option or remedy shall not bar other rights, powers, options or remedies allowed herein or by law.