Your family might need to say it is a gift instead of a loan but ask your lender the best way to structure that.  

I am not sure how they are able to do that - not the loan part as I am aware there are funding structures etc. but the cash reserves part.

The person “owning the apartment actually owns those shares in the corporation owning the building and has a “priority” lease on the apartment they occupy that is specifically tied to those shares.The corporate by laws will state what percentage ownership must approve a conversion to condominium structure.

Any suggestions on how to structure deal, price purchase etc is greatly appreciated

We’ve already cut the fat including thing that are “wants” and not needs and we still have a lot of things that must happen before we can list it including some structural projects and sump pump issues etc…I’m working two jobs and caring for 3 kids and husband is working 10-12 hour days so obviously time is limited.

.- Using an attorney for a real estate transaction and mortgage structuring has been so easy and very cost effective.- Offering the seller more than they thought their home was worth made them willing to finance the home for 0%.Bottom Line - 1. 

Considering the complexity of the structures themselves plus the added complexities of transport/assembly at remote locations, I thought the costs were extremely reasonable.

They have a library of info on different subjects, specialized info on specific items like structuring entities, trusts, asset protection, tax, etc.

A 4 ton or 5 ton is a large unit for an 1800sqft structure.

We have been renting this out as a short term rental on Air BNB which has covered costs, but we have a somewhat unfavorable debt structure on it that limits our ability to cash flow and/or extract equity from the asset.