@James Tiu - We do this at a couple of places in South Carolina.  

Purchase price: $410,000 Cash invested: $50,000 I bought this house as a flip but kept it as a rental.It needed lots of rehab.

I’ve been keeping him updated daily, showing commitment to making the deal work, but now he seems indifferent or even looking for an excuse to back out.How do I handle this carefully considering we will still be neighbors?

Was such a proud owner of this condo that we still receive rental income till date.

With this amount of cash and a mall that has a movie theater, you must be a minor LP in a much larger project.Usually there is a round of investing just to acquire the land.

If you are willing to do this over a long period of time, this can be a great strategy, especially in a low-inventory market.

If I have the time after dinner to run to Lowe’s , and deliver material at 10pm, I didn’t have to ask if that’s ok.

We both run our own businesses but we feel that real estate will help make sure we both maintain our life plans of not needed to work as much any more.

Giving you an opportunity to improve.Let me ask you this and I challenge, dare, triple chicken dare you to note anything in my post that is wrong.I will wait for your reply.I have given you facts of the things that everyone simply does wrong and I took my time to answer your concern educating you so you can take this information and do better, YOURSELF.Here is what you asked:What’s working best for you at this budget?

I'm currently having a difficult time imagining the future a decade from now where this issue isn't one of the more important things that needs to be addressed.