What I disagree with is VRBO's blanketed take on pricing when it comes from a 3rd Party, which is something that was mentioned on the phone today. 

While they’re out partying, you’ll be home learning, analyzing deals, and honing your craft.

It was a great niche for many years, but that market has mostly disappeared with legalization of pot in CA, which has pot prices crash.I have also used seller financing in purchasing REO and other real estate purchases and these have worked out really well for all parties.

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

Specifically, under a properly structured Trust the following limitations will apply during the period that the property is held by the Trust: (i) the Trust cannot raise new capital; (ii) other than in the case of a tenant bankruptcy or insolvency, the Trust cannot renegotiate or modify an existing loan nor can the Trust refinance or enter into a new loan during the period that the property is held by the Trust; (iii) the Trust cannot renegotiate or modify its existing leases or enter into new leases other than in the case of a tenant bankruptcy or insolvency (in the case of a Trust that adopted a master lease structure, this limitation applies to the master lease and not the underlying third-party leases); (iv) the Trust cannot reinvest the proceeds from the sale of the property; (v) the Trust cannot modify or improve the property other than undertaking normal maintenance or minor non-structural repairs; (vi) the Trust cannot hold its reserves other than in cash or short-term obligations; and (viii) the Trust must distribute all of its cash, other than cash held for normal reserves, on a current basis.

You also want to think of what the exit strategy is for both parties.

It's not hard to understand the disqualified party rules and prohibited transactions. 

I think this arrangement can suit both parties, he wasnt going to be able to keep the house but can still live there for super cheap.

Hey @Beau Wollens, late to the party, but curious to know what you ended up doing here.

There will be some showy roundup of few immigrants (most likely only in Blue State, because every act of both parties right now is to be punitive to the citizens of the states that oppose the current administration), they will go after people with removal orders already in place, have a couple of press conferences and go back to improving their own personal economic situations.