Bryan, If it passes you will be rich beyond your dreams with Section 8 money.

Then it didn’t pass the city inspection because of landscaping debris and tree branches that fell in my yard, so I put in $5k more.After 6 months of vacancy, a new tenant moved in and immediately began complaining about everything.

The woman I talked to said that it is a recently passed ordinance. 

However, for the strategy to be effective, clients must ensure that they meet all the IRS requirements, such as maintaining the short-term rental for a sufficiently long period and passing one of the material participation tests (e.g., 100+ hours of active participation).2.

While I never before or since accepted any like offer, the amount I was paid for minimal time was too good to pass up.

My wife is working with a few people on deals now— It seems that the turn key properties are a feeding frenzy, but there are some that either don’t come furnished or need just a minor amount of work that everyone is passing over.

Does the request pass the sniff test? 

After she passed it became a rental to a slum land lord and after one of his tenants destroyed the property while having 8 people living inside it's 950 sq ft, he and I had a conversation and I bought it from him as-is for 69,000 and he didn't have deal with the mess they left.

I am considering doing this deal with no agents on either side to save money (savings the seller would pass on to me) - my buyers agent actually suggested that when I explained the situation to her and that I really only needed basic transactional help. 

My worry is the 5 years pass and the balloon payment comes due, and now I am stuck with whatever interest rate is available at the time.