I was thinking that I could use saved cash to make minor repairs (paint, siding, roofing).Heres the twist...I have also spoken to a general contractor about possibly extending the house so that I could get zoned for a small at-home daycare for up to about 5 - 6 children that my girlfriend would be able to run.

Just thinking out loud..If he lives in the building currently, he may not want to sell - that would mean either moving out or paying rent in a building that he used to own.However, one interesting twist you could try if he owns the building free and clear - purchase with seller financing, then deduct his rent from the note payment.

But maybe it's different in your market.As far as what renters are renting no one twists their arm behind their back to rent what they do.

A bit of that "for every action there is an opposite and equal reaction".Usually what we get are those with a little knowledge and twisting circumstances to justify a method.

I also provide housing for students and have found quality, gently used furniture there.

This can really twist people's britches.

After our meeting, they were relieved and full endorsed our plan.We have now embarked on a 2-year plan to renovate their unit (it is in need) ... when we are done, they will be at market rent.You can raise rent on a long-term tenant, just do it gently and with respect.

Do I:1) Attempt to gently hint that the roads get rather snowy here during storms?

that's an interesting contract twist.. and it makes sense... gives you the ability to act like a cash purchaser and use HML to actually buy.so in essence you can leverage your cash up without having to really have the cash. past the initial amount of one property..

Otherwise, I've noticed that all the core principles are the same for investing in Europe (US and European laws are pretty similar most of the time when it comes to business, usually just a different label or a little different twist).