You have already been given some sage advise, jump in the water is fine.

You can also look at Sage 300 Construction and Real Estate software if you're really interested.

I'll explore and touch base with you regarding setting it up.I did discover Sage One which is a free cloud based software.  

If you were to hire a property management company to handle both the properties and turn the whole thing over to them, they would get the rents up to par as quickly as possible without you first having to sort through two states' worth of regulations and second having to convince mom and dad to take your sage advice.The issue with the Florida tenant's rent payments might be your angle in pushing property management.

Does Jay Hinrichs always have the most sage advice or what?

Thanks for the sage advice

or are these all teed up for you as in your buying from a TK operator just providing funding and sitting back.Or are you following the sage advice of J.

Good luck :)No.Didn't plan on writing it up myself.Come to find out a friend of a friend referred me to a lawyer that's on BP.I simply wanted to understand the situation a little more before I walked into his office.I'm not trying to fleece the buyer, but the buyer wants me to tie up my property with him on payments when I could actually get a cash deal now.Interest rate and terms will be agreed upon by both parties before the buyer puts down his Option Deposit.I will have my lawyer draft the documents and I'm sure he would want his lawyer to review them to protect himself.He will not live in this unit.He will continue living in his current residence but rent this unit out as an investment property.Thanks for all the sage advice guys!

@Joshua DorkinThank you very much for your sage advice, it is well received and duly

Account ClosedI find I am growing to dislike the term "green" as it has lost significance since become a marketing checkbox.That said, we have a green building - a nice sage colour - which has also undergone a deep energy efficiency retrofit.