We just built a spec house on a lot that we bought for $175k (which included permits, utilities were at the property as there had been a home there that had burned down) We built a 2350 sq. ft. house and sold if for $675,000.

So i'm 19 and I have a burning desire to succeed in this business.

The amount of wannabe rehabbers, some pretty competent contractors and people successful in other businesses, attempting the rehab business that I have seen crash and burn and give it up, is significant.

burning bulbs in the kitchen and not a single person for 40 minutes(at least, may be a lot longer).Joke around the house "Do not even try to talk to him after Noon, he is done for a day(wasted, completely)".Landlord, who live at the same building "share" food of tenants.Tenant, looking in the fridge: where is my so and so?

So, I'm trying to interpret his perspective - is he right that I would do better to sit on my hands and do very little investing in the next 400-500 days, or give it away, or am I correct that if I can find the right buyer, I could get some down and a good note, perhaps collateralized, and the risk would simply be that he burns my trees on the way out if I have to foreclose.

However, for me, personally, I think i have the burning desire and motivation inside to get me where I want to be with or without school.

One of my sons friends didn't go to college and taught himself java script and C++ with www.codecademy.com.

You did "bird dog" it for him, so try to get two things out of this: "bird dog" referral reward, and to learn the biz by having permission to observe the rehab.Or you could be spiteful instead.I would never subscribe to being anyones doormat, while I wouldnt spend much time burning and stewing, I would definitely make sure anyone I know and they know in the business are aware of this clown and his practice.

Again, this boils down to the criteria you set for your business as to what kind of tenants you want in your properties.I'm no expert, but when something sounds this complicated, there is usually a devil hiding in the bushes somewhere waiting to burn you.

Thanks for your responses.The deal is all cash ( my own) no hard money.Ty Burns sounds interesting the option of see if the tenant wants to purchase, i 'll research into rent to own option.J Scott and Brian Gibbons yes the market is around that price for rentals, i am pretty familiar with the area and also asked my realtor.