I totally agree prices on the West Coast can be a hurdle,but with the right team, BRRRR is definitely possible.Wishing you all the best. 

The son has agreed to let us purchase the house for the amount owed on the loan.

The example scenario would be if I bought a $1M property, the bank is in first position and covers 800k of the property cost, the seller agrees to cover cost of down payment and covers 200k of the property cost.Let's say we can no longer make payments on the property and it's foreclosed on.

Hi Nick,Thanks and I agree, BP has been a huge help with my first two properties, have been a lurker for a while!

Hi, yes all of those areas definitely great areas to invest in real estate my clients would agree also, Ohio has a competitive market.

First, both parties have to agree to terminating the contract and then they need to sign a termination agreement.

I think most hosts will agree that Furnished Finder is far superior for MTR due to the fixed price per listing even though there is less tenant vetting.

Definitely is more work to get things set up however. 100% Agree.

I also agree with a lot of the comments you said about investing in CT. 

The main house tenant did not like the STR part(after they already agreed to it), after the renewal we made both STRs and it's one of our best income producers(on a % basis).There's quite a few areas for this-- Virginia Beach, Garner, Zebulon, Pooler, Georgetown.