I am inclined to agree with your thoughts on Whidbey, especially since we'd like to try our hand at self- property-managing first, and would need to account for the extra travel time. 

It was built in 1930 (this does not scare me, I am very mechanically inclined, plan to do all my own maintenance and repairs), last years taxes were $1054. 

Once the land is subdivided, I would not be inclined to use the potential sales price as the means for allocating basis between the newly created parcels.

Asian Chamber of Commerces, etc.)We have seen most success when there is indeed a relationship being built as few overseas investors might be inclined to do business otherwise.

I would also be inclined to jump on board of the conspiracy theories that some knew this when restricting some rules of owner finance in the recent past, but you always have contract for deed and lease options I suppose.

As I understood it, they might be inclined to look the other way for a seller held second lien but I wouldn't put my eggs in that basket as the regulation is pretty clear and I am not a big fan of the wind blowing and the state deciding to enforce the regulation to its fullest extent.

Generally speaking, I would not be inclined to offer finance for ownership off the bat as I tend to think it is best to establish your property cash flow with them as tenants first and then after a couple of months of timely payments and property care give them the ownership option.

I thought I'd post some links and contact info on here in case you are so inclined to make your voice heard.

I'm inclined to say Aug 3rd just to make sure its far enough to have as many people make sure they can attend.

But I hope he does make it, and I'd rather be compensated justly so as he makes all his payments and eventually has full ownership.I'm inclined to only do $45k, which should pay off his partner $42k to $45k (he hinted at this number, based on materials and labor done), and let him handle financing the remaining materials and finishing the work himself (he indicated that his family might help him out a little bit, but not to the tune of $50k).I'll stop here and ask, any ideas on how I might proceed?