YES, we do have buy and hold---5 yr fixed amortized over 30 yrs with pre-payment penalty.

I have been doing taxes for 25 yrs and recently got back into the mtg biz after a 5 yr hiatus.

We lived in it for 2 1/2 yrs and sold it for $325k .

CharlieWelcome. 35 yrs in law enforcement here.DC has an excellent active REIA club connect gather info, resources and people.Check out for freeUltimate Beginner's Guide to Real Estate Investing at http://www.biggerpockets.com/ubgGood luckPaul

A prospective renter told me a horror story about the trailer she reneted four 5 yrs. 6 mos. ago she found out that there may have been a meth lab there some time, so she had it tested and the chemical levels were outrageous.

Now FLIPPING which I never cared for and now if you look at what was going on 5-6 yrs ago even 3-4 yrs ago everyone had the FLIPPERS mentality.

Canadian Real Estate Magazine has been calling us for the last 2+yrs but we have turned them down bc another turnkey provider in our market advertised with them for 1yr and also flew to Canada to attend a trade show and never made a sale.  

You have to move into one unit and live for 2 yrs.  

.. maybe you can offer to mentor him like others suggested .. have him work as a assistant to your project manager for a flip or two .. give him assignments like writing up a budget ( not that you have to use it ) but see what he comes up with .. have him there when contractors submit their estimates .. maybe he cant be there everyday because of his job but if he really wants to learn and succeed , he will find a way .. and he would be a fool not to accept your help .. thats the best you can do as a friend.. maybe tell him once he learns enough that you feel confident that ge can run his own flip ..then you will partner with him on a few .. then after that you will fund him at a lower cost than hard money would be .. explain to him your worried about his family and the decision he is considering to make.. maybe he wants you to offer to help him learn but doesn't know how to ask ..I had a complete stranger offer to mentor me in the begining .. just because he saw potential and he has done very well the ladt 35 yrs in real estate and wanted to give back ..

I have had this triplex for 8 yrs. never had This complaint despite this same guy living in the end unit since it was built.