I am sure most of you know this story:"The Graybeard engineer retired and a few weeks later the Big Machine broke down, which was essential to the company’s revenue.

If you have two homes, you have two sewer and water laterals and two electrical pulls to two different locations.

At first I assummed the late rent would get resolved and they would be in better shape to pay on time, unforuntatly, its been 8 months of the same late rent. 

The house will stay in my father's name for now, so we want most of the repairs to be paid by him for depreciation purposes (he will be doing cost segregation and taking bonus depreciation later this year).

Many people dont think like this and dont understand why people would live like no one else so they can live like no one else can later. 

Also not sure about doing to refinances. 1 now for a 5.75% va loan and 1 later to go conventional.

Is it possible to purchase a home from someone, and give them the first right of refusal to buy it back at a specific price at a later date?

What I didn't appreciate were the times that I was not made a aware that my VA would be starting later than agreed upon or that they were not showing up at all. 

Purchase price: $60,500 Cash invested: $40,000 Sale price: $205,000 Hoarder house foreclosure. 150 contractor bags, and a couple rollaways of garbage later we could start the demo.

This is the tier that you really need to be careful of, which I will explain in more detail later.