@Commie AnanaYes you could use cash for keys- I would also get an attorney involved as well

If it is a viable option, any idea of the rough costs involved?

Also some states do not allow you to seller finance if you have an existing mortgage - others require the sales price to be above the existing loan and cannot mature before the existing loan.Definitely need to get an attorney involved who handles state compliance

I do wonder though how things would play out if large sums were involved.

**Steps to Start an LLC**: What are the essential steps involved in setting up an LLC for real estate purposes?

An alternative is to get more involved in your local REIA and take a heavy-hitter out to a very good lunch.

I and then Brian might be more involved with the writing of vol.

This involves finding a reliable contractor, a property manager and a real estate agent who specializes in investment properties in the area.

Or are there other options involving financing that will help me get my foot in the door sooner?

This might involve updating certain aspects of the property to meet modern standards.Permit Acquisition: Obtain all necessary permits from the city, which may include demolition permits, building permits, electrical permits, and plumbing permits.Restoration Process:Debris Removal: Clear out all debris and damaged materials from the property.