This was extremely useful.The way that he discussed his next level (Mastermind), it sounded as though this would be great as a next step to launch someone interested in syndication. 

Launched a landscaping rock (pebble, really) right through the passenger window of my VW.  

I was stationed at Eglin in the early 90's left for Sheppard AFB (Wichita Falls) bought a house in the area (still have it and the equity launched my second in in the area).I moved back in 1998 and lived in Crestview for 3 years we left in 2001 (with a stop in Panama City and Warner Robins GA) I moved back to California in 2005.I am going back to the area,  however, to get a feel for the vacation rentals available.

In my case we are running our low income rentals as a business, offering better properties and response than a slumlord, and working a little both with long standing tenants fallen on hard times, but staying objective,  In the same neighborhood I have launched an adopt-a-block program where churches and other groups can adopt one block to do projects and get involved in lives.  

The question I have, and you need to know are:1)  Do you have deeded lake access and a boat launch?

So, if it was me, I'd tell them both sides must be vacated as a contingency of the sale.Odds are good that the main reason they're selling this place, is because they have a Failure to Launch kid LOL. 

Strategically, I would launch that tenant as soon as your local laws allow.

I did not get my start this way, but I understand this to be a simple, straightforward method for launching into RE investing.

But more than anything, the wealth of knowledge you obtain in this endeavor will blow your mind and launch you forward and give you a good head start in investing.That's my advice.  :-)

I think some discount is good to help launch it, but don't undercut yourself too much - I think $1500/wk when it's really worth $2500/wk is too much of a discount.