Many ways to skin this cat and avoid double taxation.

Perhaps there is a flipper in the area that would advise you, or help you make connections or maybe just helps you see a solution you wouldn't have seen yourself....and bring them in on equity in the deal so they have skin in the game.Good Luck!

If you have 2 listings, and don't want to pay unless it generates revenue for you, then you may want to start with BeyondPricing/Wheel houseThe one advantage with Wheelhouse / BeyondPricing is the commission structure, gives them skin in the game.

I just want to keep my options open and know what my exit strategy would be if I do have to disposes before the ten years.FYI, since I did the original post, the broker sent me the lender defined YM sheet of the contract, and I will just go through and start crunching some possible scenarios, to get an idea of what kind of hit I would take...ALSO, I asked about Owner carrying a second if I a buyer assumes the first and he asked the lender who replied that it was very common for Fannie to do a supplemental second along with the assumption of the first, in this type of a scenario.I welcome any advice or opinions...please don't hold back, I have thick skin!

One thing that had irritated me was the fact that my agent had failed on preliminary due diligence and showed me a condo that was not investor friendly.

After buying your first rental property, getting a grasp of the system, and getting some skin in the game, how about financing that next property?

No matter how hard I negotiate I always end up paying exactly what they are worth.It has become so irritating to me that I have told my bank that I won't pay for appraisals anymore. 

More than one way to skin a cat.

@Minka Sha don’t forget 3 very important things. 1) your principal pay down, is probably $400-500/month.2) rent growth - PB is very desirable and rents will likely continue to go up over time 3) appreciation - coastal CA will always be in demand which will fuel appreciation You bought it with 5% down so have very little skin in the game. $1000/month loss like @Dan Heuschele calculated is tough to swallow but I’d guess you’re breaking even if you include principal pay down and appreciation.

After the storm is over, they may go back to normal 10% down, but they are defiantly going to ask for a lot of skin in the game.