We are also going to plant Teak seedlings which are not susceptible, between these mahogany and Cedar trees, just in case we keep getting the stemborer larvae. 

@Justin Whitfield no problem.  

So we provide a bunch of extras "just in case".

@Justin R.   

However, most people wait at least 6-12 months just in case the IRS doesn't question it.

 Hey Justin,I wont be able to make it today, but lets schedule a time to grab coffee.I believe we met at a Meetup at The Guesthouse a few months backShoot me a DMahhh dude you're totally right!

Quote from @Tracy Streich: @Justin Brin.

Quote from @Justin Hammerle: @Thomas Lebens - if this is your first property and you plan to occupy why not consider an FHA?   

It also means doing your due diligence to ensure the property you pick up actually makes financial sense, not just in year one but down the line.

You definitely want a legal agreement that's forecloseable, getting as much front money as possible so that you're not just in a lurch with nothing if/when they default, and you should get better interest terms for "being the bank" AND I would qualify the buyer just the same as if they had to go to a bank, because you want to know who your partner is in this deal.