Cash for keys is your best option and even better, arrange for that cash for keys during escrow and gain possession atvclosing so you have zero downtime.

With my payment arrangements, it is certainly manageable to make payments, but with our family growing soon, I have my eyes on finding financial freedom!

Not to repeat myself too much lol, but I believe that's the best way to go when you're starting out.If you ever want to pick my brain about anything, don't hesitate to email me and we can arrange a call. 

Another thing that comes to mind is whether there are is an early termination option for the rent a car business.Regarding the salon, if you choose to let her "rent" a chair, I would be sure to include the right to terminate the arrangement at your convenience (so you can rent it to another commercial tenant in the event that you want to exit the salon business in the future). 

To convey title without a financing arrangement can be accomplish by a tenants in common arrangement, but there you'll need specific guidance to stay out of financing on a secured basis. 

Have you drafted any written rental agreement or any other verbal arrangement ?

If it is way under valued, the goal is to "gain control" with a contract while you arrange for the financing. 

There is some language in this agreement that says if I see any signs or advertisements for properties being offered for sale, I will not contact the seller or their agent, but will first contact my broker who will provide information about the property and make arrangements to see it.

Depending on your arrangement and what this other guy is proposing there may be a place in a partnership for you.  

I agreed to this arrangement, finding some peace of mind in knowing that it might buy me a few extra days if needed.Aware that I had only ten days to close this FHA transaction, the new lender took over the process and transitioned my file to their office.