It's a simple alternative that would defer capital gains tax for 30 years and would enable the seller to exit for cash.

The main point to make to the seller is that the investor funding you are using will enable a much faster close (10 days to two weeks) than conventional financing would be - less exposure for them since the property will not be tied up longer.

Now I hv been wholesaling for a couple years now and it has enabled me to stay at home with my two toddlers and still make money.

Back then, in the 80's, I needed 30% down, but the safety of the fixed rate enable me to sleep better at night.

This could be in Virginia, Tennessee, Florida, or California (he’s a musician, so we’re still deciding on the best location for his career).I would love to dive into rental real estate at some point, and my primary interests are passive income and finance independence.

However, there were 2 things that enabled me & those I assisted to expand faster & a heck of a lot more efficiently.1) We all know that our RE equity earns nothing cuz RE is totally market value driven; it could care less how much money you have in it.

And any suggestions on how our process needs to run to enable us to get the good tenants and not turn them off, while turning off the bad ones?

What's "smart" for you, is the path that enables you to achieve your specific goals.

This is also why commercial loans will have a balloon or adjustable rate--a bank doesn't want to commit to anything for 30 years.Fannie and Freddie were created to enable affordable home ownership. 

He will/should ask you to share your short- AND long-term goals so he can help you construct a plan that will enable you to reach your short-term goals that reap resources that will enable you to pursue and achieve your long-term goals.