Thank you, @Ron Boling , glad I was able to help. 

After listening to a cd by Ron Legrand I am thinking of focusing on assigning contracts from homeowners who are underwater and helping them put a renter in their home who will take over their mortgage and pay for repairs.

Now that  happens to be the home of Ron Legrand, the godfather of real estate investing.  

@Ron Steele You can use this structure and reword itThe Purchase Price shall be five hundred thousand dollars ( $500,000.00 ) which shall be paid at Closing (as hereinafter defined) as follows:A) Seller financed loan $250,000 note.

On the one hand, you have less control, but on the other you get nicer amenities and perhaps better management.Thanks,Ron

Also, up to 4 units you can get a residential loan.I suggest you search the site, and you'll this type of question answered quite well.Good luck,Ron

Hi Ron,Welcome,  It is always a pleasure to meet individuals such as you who are looking to use there expertise to take them down a new path to new and exciting challenges.

Best regards,Brian@Dmitriy Fomichenko  @Albert Bui  @Ron Averill

@Ron Averill All my properties are at least 2 units so we provide snow removal.  

(Besides, everyone in LA is an actor or a real estate agent - or plays both on tv...)I don't know if that theory is true or not but I have often wondered if I would be more profitable at wholesaling (due to volume) if my market was in Phoenix like Sean Terry, or Jacksonville like Ron LeGrand, Memphis like Kent Clothier, or even Tampa like Preston.