What kind of contract should I draft?
I found a building that I am interested in starting a company in which has been vacant for many years. My friend is the real estate agent and the owner is a very very nice gentleman. 

Since I am boot strapping this company, I was interested in making some kind of proposal/agreement where the building owner takes it off the market, hands me the rights to the building (to renovate, find tennants, generate him money), and get this started without actually buying the property. What are some good ways I could propose this for him? IE, realestate in this area of texas does not move fast at all and hes already been sitting on the property for years. Wants 750K for it, and is willing to owner finance 350K for it anyways. Help?
[{"id": "cpj360t", "text": "Sounds like you need a master lease + option. \nDifferent ways to structure this - you could, for example, have a payment that starts low and escalates at fixed intervals (gives you a chance to get tenants, but still keeps some pressure on you not to slack off). There would be a requirement to obtain financing for the remaining 400k and get him the cash after a certain period of time.  As you renovate and get tenants in, you'll be building equity, so the financing will get easier. \nOh, and you won't be drafting it. You ABSOLUTELY, 100% want a lawyer to draft it. Just figure out the bullet points together with the seller first. ", "replies": [], "depth": 1}]