Your sales record isn't terrible over the past two years, 13 sales.

I'll also go back and tag records as the homeowners respond to my marketing so that I can see what lists are performing and what lists aren't.It does pretty much what you're describing in your post if you choose to use it in that way.

Reminder to always keep a record of all rental income and expenses for tax purposes.And that’s pretty much it.

If he can pay all 15 months up front, that is your financial security (at least for the 15 months).

Financial FeasibilityBudget & Financing: Know how much you can afford, and get pre-approved for a mortgage.

Not to mention he is financially quite well off with or without my project. 

@Priyanka Shah Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The goal is to achieve and maintain financial freedom.

I want to invest in real estate to heavily supplement W2 to open up options and financial security.