Posted by JPiper on January 24, 1999 at 12:21:14:
The scenario that you have outlined fits ideally into a lease/option. The difference between your rental scenario and a lease/option is that you have a potential buyer already occupying the property, who will have the goal of buying the property in 1-2 years…AND will be responsible for the repairs…AND in all likelihood will pay more than current market value for both the purchase price of the house and the rental price of the house. And how about some upfront option consideration to boot?
Something to think about.