I'd be happy to connect since we're completely new to this and to Arnold.

This strategy is especially effective given the current lack of entry level homes in Chicago.Our two cents - thanks for bringing this topic to the forums!

@Cameron Moore thoughts on this?

I eventually sold this property.

(This is what Investing is all about.) 3.

If you're lucky enough to get a free and clear property where the seller is willing to finance, this reduces much of the risk associated with seller-finance.I would make sure the title is then moved over to your name, especially since there is not a risk of a due-on-sale clause being triggered.

Over the past 10 years, he and his late wife poured their hearts into building this home (with permits, of course).

At this point I am reading books, saving money, and looking to make relationships in the investment community.

This area is a tourist town where people who love the outdoors go to vacation (golfing, fishing, lake sports with the family, lots of quaint country downtown areas, etc...).

I am guessing only you would be signing the 18 month lease and this individual who is there to "help" won't be voluntarily offering their signature as a co-signer?