On the buyers end what do you suggest to continue renting until we see a bigger shift or do you suggest buy now while rates are low and holding for 10 years minimum?

There was a previous agreement that i inherited that stated they can use the lot until future development.

Basically, they ask that I sign an agreement that allows them to market the property and start looking for a qualified person. 

The reason I ask is that if I invested in these RE funds as myself(not LLC), with the K1s pass-throughed to me, I only need to file when the state-specific income exceeds the minimum income level for filing in that state. 

Leveraging your expertise, I'd like to understand how you approach the situation I'm about to describe.Long Term Goal: Build RE portfolios using a buy-and-hold strategy by building up 40 units in the next 6 years.Situation: Small family owns their first single-family home which was purchased 2 years ago.Purchase Price: $320,000 (FHA, minimum down)Oustanding Balance: $300,000Appraised Value: $370,000 Mortgage: $1,950Est Rental: $2,300 (no expenses considered)Considerations:The basement may have been finished without permits, professional plumber, or electricianThe yard is large and potentially hard to maintainAn additional $2,000 is needed to prepare for rental or $10,000 in renovations before selling Therefore: What would you do as a starting investor in order to reach the goal stated?

The house needs approximately $20K worth of renovations and I believe I can rent it for a minimum of $1000 a month with some minor repairs/upgrades.Here are my thoughts:Offer $65,000 with a down payment of $5000 and a monthly payment of $400. 

@Daniel Gorman Just put a buy out option in your ppm and operating agreement.

If their rental agreements indicate that the property owner will pay for certain utilities, then you can at least understand the rent roll a bit more.P.S.

I would be MERCILESS about using the following metrics:20% for repairs and capex 8% minimum for vacancy and related costs (evictions, etc.)10% for management even if you manage yourself.

Decrease payments to a minimum which decreases monthly bleed?