Its a lot of money to put into someone who's new to their life or the industry.

Oversimplifying it just a bit, the investor profits from:- a non-refundable option paid by the tenant-buyer which gives them the right to purchase the property within their option period- the spread between the rent paid by the investor to the property owner and the rent paid to the investor by the tenant-buyer over the life of the option- the spread between the price ultimately paid by the investor when they exercise their option with the owner and the price ultimately paid by the tenant-buyer when they exercise their option with the investorClear as mud?

Having an exit strategy can also just simplify the process in case one of you has a life event and needs to exit the deal.

ThanksAre you above or near the life-time excclusion?

Hi Jessica, if they ban smoking, I believe it will be legal and life for the smoking tenant will quickly become unbearable.

Big expense up front, additional expenses over the life of the lock, they can be too complicated for renters to figure out, and they don't solve all the problems a landlord may face.

My dream is to achieve financial freedom through multifamily rental properties and live life on my own terms.Recently, I have been reading one book after another, trying to absorb as much information as possible, and am extremely thankful to finally find this amazing community.

These regions offer affordable prices for most investors, with homes that are turnkey—either newly constructed or fully renovated, tenant-ready, and with systems that still have 10+ years of life remaining.

I'm sure I could go to some midwest markets or even some more depressed markets in my region and get better pricing, but that's out of my wheelhouse at this point in my life as I have no desire to learn new markets when I'm closer to the end than the beginning. .Sure, obvious but over looked.

However my understanding is that exceptions can be made if unexpected life events happen such as job relocation, eminent domain, marriage, divorce, changes to family size, deployment, imprisonment, bankruptcy etc.