Rene, I decided to sell at least one of the properties in the spring, to make my new housing payment out east more palatable.

. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?

For example if one partner brings the 20% down payment and the other will do the labor for renovations then what would be a reasonable split be.

So the problem is you wont be able to source the down payment as coming from the seller (most likely), but you can certainly add as many junior lienholders as you like, after the fact.

The plan is not clear, but hopefully there will be payments directly to landlords. 

Down PaymentSaving for your down payment is likely top of mind.

FHA loans can be a good option here, allowing you to put down a lower down payment.## NetworkingNetworking is key in real estate investing.

Consider looking into FHA or conventional loans with lower down payments to maximize your cash.

Wondering if you have advice on me just being the bank, where I purchase a house and structure a rent to own with him and have him build up a 30% cash down payment and some equity and then me sell the house to him at a locked in price.  

Any other expenses are using up funds that would otherwise be sitting in your checking account to make a mortgage payment with.