Alexandra D.If you're talking about 100% seller financing, you can do pretty much whatever you want.

For us the name of the game is Russian Roulette, if we lose once we're done and out."

@Alexandra E Aponte gifting property is usually a bad idea due to missing out of the stepped up basis you will be granted at the time of inheritance.

I think the situation was different in the mid 90's when you could rent a place in Park Merced with section 8.With regard to quality of tenants and I can only speak for the russian-speaking immigrants I know who have section 8 -- they tent to be older, retired or semi-retired and will probably skip a meal first rather than be late on rent :)

Quote from @Alexandra Belle: Quote from @Ryan Mancuso: Short Answer: I am going to answer this assuming you are not using a Realtor.In Arizona it is the responsbility of the seller to pay their agent the commission and I would assume it's the same in Michigan, so really this shouldn't be your problem.I don't know the specifics of the Detroit market, but where I am in Arizona, as a Realtor, I have access to a form called an "unrepresented buyer." 

@Alexandra Hollenbeck notes are a great away to diversify your portfolio.

@Alexandra Isenhour Everything should be in your lease.

@Alexandra GomezI bought my 4plexs Mar'13, Dec'14, and Apr'16.

@Jay HinrichsYou are right on... yes this will allow me to unlock about $1.3m equity as it is paid off, thanks to tenants rental payment of $350K over the years I actually took $100K out the day the buyout agreement was signed and bought a 4th property in SF.... a small studio 550 sq ft on the top of Russian Hill, on Leavenworth and Green....

Of course, Russians would adapt and overcome by putting down big throw rugs.