Imagine doing this exercise for a property that has appreciated over $6.8k/month over the hold period (our best appreciating property).The plan starts with determining whether you can somehow get financing with a high LTV loan and that you can come up with the required down. 

The partnership agreement with OPM (Other People's Money) should outline detailed explanations of your separate roles.

So, yes, there are rules to keep in mind, but in my opinion, there is plenty of room to operate within those rules while still building great retirement wealth for yourself along the way.Make sure you choose the right account structure for you, and you may also want to consider checkbook control if you have reservations about a custodian's role in your investing.

She really does play the "good cop" role in a lot of her advertising, which features cuddly kittens.

Your main role is to ensure that the level of stuff is not causing maintenance issues and that you can get access when you need it. 

Lease option on this property which includes 3 buildable lots.I own a construction business 10k down 24 month option total cost of home and lots 230 if I exercise the purchase option in 24 months I’ll owe 220Would pay him 1200 a month and likely rent the home for 1600 a monthFeedback please located in Alabama

But, if anything, I am trying to use this as an exercise to see if I should have even tried to get this.Assuming the building structure is good and the roof just needs to be resealed, I am just curious what your thoughts are?

The property's DSCR (cash-flow/income) also play a role as do the loan amount/property value.

You'll want a good property management company, because they're going to play a major role in the property's success.Hope it all works out.

I would personally explain to the tenant, my role is to keep the property in good repair, yours is to pay rent.