+1 here for Cozy.coHaving the tenants deposit into the bank account, like what was described above, is also a good option, but requires a bit more management/tracking.

The kind of perp @Bjorn Ahlblad is describing will not be held back by locks and certainly doesn't need a key to gain entry.  

I'm considering a similar scenario to what you describe, a relatively high quality SFR BRRRR that about breaks even on cash flow after considering all taxes and equity paydown, but not Capex reserves.I see what you mean about holding the asset and eventually owning it with no initial equity investment.

Personally, in the situation you described, I would just simply make the introduction between the two people I knew and hope they were able to make a deal work between them. 

I actually would love the 25 year am, 10 year term, 5 year fixed loan you are describing, and I have loans similar to that on my Berwyn apartment buildings. 

Anyone who tells you otherwise is describing their limitations, not yours. 

Or maybe they're just tired of winters in DC :-)"Military leaders have described the Futures Command project as the Army’s most significant reorganization since 1973.

James Federico we spoke to told us Indy Jax/Ocean Pointe is the one who didn't describe our House 1 ("rent-ready") right and didn't do the rehab job for our House 2.

One just need read the law for a very easy understandingThe preceding sentence shall not apply to any foreign taxes described in subsection (a)(3) or to any taxes described in paragraph (1) and (2) of subsection (a) which are paid or accrued in carrying on a trade or business or an activity described in section 212.And then the reference from the above law to IRS Code 212(1) It has been paid or incurred by the taxpayer during the taxable year (i) for the production or collection of income which, if and when realized, will be required to be included in income for Federal income tax purposes, or (ii) for the management, conservation, or maintenance of property held for the production of such income, or (iii) in connection with the determination, collection, or refund of any tax; and(2) It is an ordinary and necessary expense for any of the purposes stated in subparagraph (1) of this paragraph.And for even simplified version, just look at the IRS guidance on the subject...What Deductions Can I Take as an Owner of Rental Property?

Hi Mike,We just bought a 4-plex in similar condition to what you describe.