@Ethan Castleberry fantastic! 

I know stability is fantastic, but I certainly don't want a bad situation that someone has just dealt with or someone who won't accept any rent increases.

The thing is: he has so many other fantastic qualities... but it's a bummer because the intoxicants really do inhibit his potential.

If anyone has any recommendations that would be fantastic! 

I don't write much on here, but Bigger Pockets has been a fantastic wealth of information for me.

@Stacey Paulin that's fantastic!

He believes in me and is a fantastic father, and would only ask for his money back within the next 10 years, but if it is profitable ill give him 5-8%.Then after this is all said and done, I'm sunk in almost 70K and not sure if I'll be able to turn a profit.My two exit strategies are as follows:Keep it and continue to rent to friends of mine (college students) for a few years, then sell it.

My brother in law is interested in doing some JVS with us so that is fantastic from a capital point of view.One delimma we are facing is having no credit rating yet (slowly working on it but seems to take ages)Anyway that is a little about myself, look forward to meeting many like minded people and learning a lot, hopefully not the hard way! 

There are tons of fantastic resources available on the site.

Congrats Ted, that sounds like a fantastic deal, especially to have both sides of it!