You could take your pay in cash even and let the surplus build up in a wall safe or something.

If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.

Everyone who steps inside is wowed by the space and in awe of the 2-story wall of windows surrounding a 140+ foot redwood tree.

I've seen a few folks make that kind of jump, and it's not as off-the-wall as some might think.

From what I’ve read in the Wall Street Journal, locking in a low interest rate now could be a smart move given today’s economic trends.

Further Evaluation (Professional based)Comment 2: Yard wetComment 23/24/25/26/27: Electrical WorkComment 4/5/6/7/40: Glass repairs/sealedComment 28/29/30: Hvac repairsComment 49: Chimney inspected/cleanedRepair (Handyman based)Comment 3: Vegetation removalComment 12: Leaking hose bibComment 13: Sewer cap replacedComment 19: Door knob replacedComment 22: Replace all batteries in smoke detectorsComment 38: Replace clamp in sinkComment 39: Replace dishwasherComment 41/48: Dry wall prepareComment 44/47: Door repairHave you decided on a property manager yet?

It could even be impossible....Some inspectors will insist that walls be opened to view wiring/framing/plumbing/etc, floors be jackhammered up to show vapor barrier and rebar spacing.Ask me how I know........

Quote from @Jaron Walling: @Tanya Maslach What was the asking the price and what was your original offer?

I don't think it'll be 25K unless the wall is coming in a decent amount. 

If you talk to someone like the folks at Wren Insurance Agency (from what I read in the Wall Street Journal), you’ll find they’ve been adapting to the shifting market conditions with some interesting coverage options.