You should learn how to analyze property to ensure it's going to pay for itself.A couple suggestions:1.

Exactly what Chris suggests - buy the house from them and rent it back to them.

Hopefully it doesn’t come to that, but he does have two evictions on his record already so it’s not out of the realm of possibility.Thanks @Kathleen Leary for your suggestion for the lease.  

My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.

But if your budget is tight or your home only needs minor updates, your real estate agent can help you think outside of the box by suggesting simple DIY staging tips to help your home look its best.Bottom LineStaging your house properly can make it much more attractive to buyers, but it’s not a one-size-fits-all solution, and every home shines differently.

Hi Jeff, as everyone has mentioned, I would suggest house-hacking a 2-4 unit if you have the means.

How cool.Well, It's because I was seen as a player, a closer (meaning I close on deals I put under contract).I said, "I didn't know you owned a building" and to that he said "yes, it's the building with two - first floor retail spaces and 9 apartments on the corner".Dang, just what I love.

We have record employment, all of our retail is booming, housing is still selling.

I suggest next time you make sure that you have enough money for a deal before proceeding forward. 

I suggest to save up for 6-12 months while learning the market better or partner with someone who has the cash while you do the legwork.