You will have to work out arrangements to pay him back.Most people who defer will not be able to pay, then foreclosure actions will start.

(In other words, I'm not asking to be paid for transactions where I don't do any work and in which there is no realtor involved.)The thinking behind this arrangement is that a $500 deposit that is refunded after the first purchase is a reasonable way to identify who is truly motivated to make an investment-related purchase in the next year.

Thanks all - I really like some of the ideas that are being used in Connecticut.My big concern is she is month to month - if I work out an arrangement she could decide to skip and not renew her lease and likely won't make any deferred payments.  

These type of arrangements are much less costly due to the legal work required.

If you actually have a living arrangement and situation where you live separately I think it would be possible from a legal standpoint but getting an underwriter to sign off might be a totally different ball game.  

If tenants do not pay nor communicate or work out an arrangement with me, what are my rights for self storage laws if I serve them a quit or pay notice?

It is considered a financing arrangement, like a contract for deed. 

I would suggest you pursue that arrangement as more of a "roommate" situation.

My max budget right now is $120000-$130000 for investing there I can arrange many more but don't you think it'll take a lot of time to be a citizen first and then to apply for a job to build credit so that I can borrow loans.

Thus, you may be able to arrange an off market deal and cut out the broker.2.