If owned together, I am sure you could arrange a larger discount buying all together.

I'm sure the lawyers have been through these arrangements inside and out, however, I would view that agent as being in an agency relationship with that attorney as the agent is drumming up business for them.

How much of this rent to own arrangement is in writing?

But, if the furniture is already there, it's in decent shape and your friend has the ability to arrange it in an appealing way, I see no reason not to take advantage of it.

As for the $5000 that was going more for the location itself, airfare excluded as I have an arrangement with a gentleman for free airfare within the USA.

There are a ton of cheap $40,000 - $50,000 homes but they are trash and would end up costing a ton of money in repairs and be constant headaches.How would you suggest I arrange the financing to get the most bang for my buck?

Thoughts on this arrangement?

Seller, buyer, agents, and closing agent will all have to sign an arms length affidavit stating no such arrangements exist.

Your established relationship is a good thing, but keep looking, there are lending alternatives to the arrangement you mentioned.This was a pretty good opportunity and if all of your numbers are accurate, it sounds like a real "bread and butter" type of winning deal.

Residential Assisted Living (RAL) is taking off NOW.Self-Storage has and continues to grow, a side effect of more people renting multifamily rather than buying homes.Multifamily value-add continues to soar due to demand also by millenials and empty-nesters seeking less work on the house and more flexibility to spend money on travel and exeriences rather than stuff that chains them down. for us RE "investors" it's the ticket to syndication, scalability and leverage.New multifamily buildings with modern concepts with mixed-use living (offices/co-working spaces, fooderies, mixed age and walking distance living with innovative rentable electric scooters, bikes, car chargers, and light rails) all in one beautifully assembled arrangement is what attracts 12000!