Eliminate debt, establish a budget, and save.

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

Many of them sell the course at 20k a pop and that is how they “make money in real estate†Sad but true.

California landlords can now enjoy streamlined maintenance and cost savings thanks to AB 2622.Signed into law in September 2024, AB 2622 raises the threshold for unlicensed contracting work from $500 to $1,000.

Since this is the tenant's money, I want the bank calculating and holding everything versus storing balances in my spreadsheet.

With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge.

I was able to get a private loan which I used to purchase the house then I used my own money to rehab the house.

Quote from @Chris Garnes: Sounds like you need the money for rehab? 

That means that you can buy a house on the South side -- identical to one on the North side and in its doppleganger (save race) neighborhood -- for literally a $100,000 less than you can on the North side.

I used a property manager (before I was one) for (1) time & headache savings and (2) the value the property managers provide by economies of scale (marketing, discounts with vendors, etc.).