I’m under the impression this is because if there is any rental income, it will go right to her care, not sure if she would lose the Medicare benefits. 

The man selling said he knows he will lose money on the deal as the property already appraised for $560,000 but would love to get a young investor like myself into the game since his son did not end up sticking with it.

Just a FYI be prepared for it to sell at a discount,Jay- I have seen people buying land notes for 12%-15% yield which is CRAZY and they are going to eventually lose their shirt once they go into default and the land value is repriced.Thank you for the info.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

So, they lose the option fee, not the money down.FYI:  that's nothing new. 

I would like to group both of these properties in some sort of limited liability corporation, but I think I lose my tax exemption once it's in the LLC.

@Tanya Maslach most STR and MTR guests book site unseen. 

If I am losing money on LMHA as a landlord then there should be 10x that number of good people losing their vouchers because they cannot stay in good standing with the excess failures the system has at present. 

How do they know what you are doing on a different site? 

Quote from @Jose Remor: Yes, you can save $500 by managing yourself, but you can also lose a lot more than that with some rookie management mistakes.