A conservative estimate puts me at about $12,000 per yr if the seller is willing to forgo payments and just take a bubble when I refinance and take out the equity of the added value.

To quote that song my mom likes, when one door closes one more always opens, or something like that.Thanks again for all the feedback!

I am definitely not going to refinance, even I am at the fence for going towards HELOC route, since I am planning to buy another property and HELOC can be really helpful in terms of a flip or for wholesale, but not sure if it's going to help much for a passive income stream rental property?

These can be a simple thing like a fresh morning smell or maybe a favorite song.

However, by utilizing these assistance programs you would need to forgo time by living in the home for around 5 - 10 years. 

Thank you for going into detail on the PSA and the due diligence documents the seller should provide.

But if you're free and clear now and looking for cash flow I'd strongly consider that you forgo the risk of assumed debt and simply find and purchase a debt free TIC or DST. 

I think I had asked about that before but they were going to charge me something high for going out.

His suggestion was a series LLC, but just transfer the title into child series A and forgo any trusts or separate PM LLC.His reasoning once I told him Scott's suggestion was the land trust doesn't have any real anonymity, he said he will (as a plaintiff's lawyer) find out who the beneficiary is, and if I am the trustee and grantor of the trust then he can still come after my personal assets as the grantor.

Hi @Ryan Evans, thanks for going into details.