My question is how do I work out a deal with the owner so that I pay him back over time the equity?

Most people drive miles to work, or work out of the house. 

Hey Anthony, I acquire properties local to Phoenix and similar to what others have said on the thread, it's as close to dead as can be.The only time I see it actually work out to the 1% rule is on Section 8 properties, which can be great investment opportunities despite the stigma around them.

Thanks Ben and Joseph,We work out of state so thought outsourcing management made the most sense but will look into self / hybrid management opportunities. 

So their plan is follow Hawaii’s “protect the homeowners plan:  how did that work out?

I understand that rents will go up over time and my mortgage payment will pay down the principal, but it seems like investing the $1.43mil into rental properties and/or a low fee US stock market fund may work out better for me. 

You can be nice, but professional, and work out an amiable move-out.

for a few reasons, they don't need to buy materials to demo, other than the few $100 to rent a dumpster (or better, if they have a dump truck), you get some work out of them, and if they do a ****** job, pay them for the demo and hire someone else.  

I don't expect that to work out for them.My phrases are: End the dive in '25. 

I go in with an intention and optimism but once you're in it things work out the way they do and getting your calculator out isn't going to change that.