There is no middle man collecting a fee and no one complains about doing it this way.

Just because they mowed the lawn and bought mulch to spread around the shade tree out front doesn't mean the poison ivy isn't growing like crazy around back.9.

Because if you don't and the loan expires in the middle of your business plan, you have no choice but to either refinance or sell.

When I buy I don't care if someone else is making a great deal as a middle man.

Let the technicalities on the late fees go, find the best middle ground solution for both of you, and offer her a bonus to find a new place as you'd rather salvage your relationship and it isn't worth having this come between you two.Chalk the loss of fees and possible rent for a move out bonus as a relatively inexpensive lesson learned about renting to family/friends.

@Kyle Ransom I actually was in the middle of a property where the seller offered a master lease.

@Nadine Delille So here are the options for low cash investors (just a few)Wholesaling off the MLS: need to double close more than likelyWholesaling: find your own deals via marketingBird dogging:  Might get money for any lead you find with your own marketing and turning it over to someone thats more experienced.Lease Options (alot of stuff here but lets simplify it:  you become a middle men for hooking up a landlord and tenant)Flipping houses: if you have PML and HML who are willing to pay for everything but for a newbie will be extremely expensive on your end profit (plus if you need to pay points for the loan)yeah many agents are investor friendly meaning that they will go with you and see houses write up offers etc but when it comes to wholesaling off the MLS what you need to do is the double close.

If I only lived in middle class and above areas, I would not consider it.  

Anywhere other than So Cal I'm basically loaded with options, but here I feel barely middle class with zero options for investing. 

A run down office building converted to bunk rooms has got to be better than a muddy tent city in the middle of the I-5/I-90 interchange.And unrelated to investing,  I assure prior poster that anybody who is a regular bicyclist is very aware of who will win in a bike/car collision.