Carter Melvin also organized a meetup last month among BP members interested in commercial RE but not sure if there's any intention to make that a regular thing. 

But to give you a general answer, it's using "regular" income for down payments and then "reloading" for the subsequent downpayment.

This will give her the benefit of a regular monthly check coming in for principal and interest on the note, so she'll still have cash flow, but she'll lower her capital gains exposure.  

Ideally you should ask what you want long term...If you think the tenant can meet your needs as a landlord while you meet your responsibilities to them then solve today's problem and set clear expectations along with regular follow ups going forward..

Thank you everyone for your valuable comments.Adding one fact here: The client doesn't want his name on any of the purchasing contracts.Any idea on what share should I be taking of the profits other than my regular commission as a Realtor?

I've had an attorney and a CPA tell me I should change my house flipping LLC regularly.

Contact your local Health Department they should have records on the property. 

Most people I know who quit their W2 jobs, and these are not many, have a spouse through whom they get employer sponsored health insurance. 

I noted in the beginning of the post that the property is in what I perceive to be a great area to keep it rented regularly. 

We'd want our MIL with us so that we could help out as her health will begin to decline.