See, now we removed arguably 90% of those overwhelming potentials. 

In theory, yes you could get under contracting adding "and or assigns" but really good odd's that's going to kill a significant # of potential deals.

The reality is stocks are NOT "investing", there savings accounts with super charged interest earning potential, that comes with the risk of going to 0.  

Also, setting up an S-Corp could potentially save you on self-employment taxes, but I’d suggest chatting with a CPA to weigh the pros and cons based on your income. 

@Catherine Javier If you find the property is more of a liability to you and ultimately decide to sell, the 1031 exchange would probably be the best way to take advantage of using the tax and find something with a greater growth potential.

We have three potential options.The first option is for me to completely owner-finance his purchase.

Hi @Jefferey Eutsay,This deal has potential, but there are a few critical blind spots and questions to address before making an informed decision:Cash Flow: What’s the current and projected NOI (Net Operating Income)?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Correct - Track all your income and expenses.The bookkeeping will determine whether you are profitable or not.it will also be good to compare from year to year your income / expenses to see what expenses you can potentially try to limit.I.E.

Based on analysis, I'd be cashflowing day 1 and there's some value add potential.