We don't want to lose our property to some neurotoxin they use to kill ants or Gophers.. 

I never want to lose a deal like that again and I hope the members here can help.

Ajay, Ever one I know want you to have skin in the deal because you have nothing to lose if something went south.

Matthew, the seller does not lose the tax advantage when carrying a note long term, the sale is computed on the date of sale, thus the entire tax exemption is saved, the tax implications are spread over the years the payments are collected thus the seller gets to hold the tax advantage and a secondary one by spreading their liability over the years of the note!

Your financing terms will probably be better, but you'll lose the asset protection benefits of owning it in the LLC.

I have a buddy that unfortunately is losing his house to foreclosure.

If they aren't losing any money then maybe they will be more sympathetic to your situation.

As Bill said if you don't own the property your taking the chance of losing the bucks, even with owner's permission.

The shingles lose lots of little bits and they build up in the gutters.

I dont want to lose a deal like this, but I don't think I can do it myself.Here's the deal: purchase property for $43,500 + closing costs.Have a tenant-buyer already (the seller's ex-wife, and she is currently living in the house).