Last summer we bough a vacation rental on Emerald Isle NC so that was a little distraction. 

It worked out fine, though each time I got a little less than advertised interest rate (about 9% vs 10%) and I had to send a reminder email to to get my money back, but I did get it back.I ask about others' experience, because I'm still not 100% sure it's not a ponzi. 

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

It’s a newly renovated 3-bedroom, 2-bathroom home, just one block from the ski slopes and four blocks from downtown.The current owner has been renting it out for $30,000 per month during the peak winter and summer seasons.

Weeks before closing Blue Metrix Group reached out and said they were struggling with the financing for the second park and they asked would we owner finance. 

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

Little did I know but she had already declined her payment.  

The previous owners turned in into a single family home.

I know for our portal in Buildium owners can log in and run different reports like income statements, profit and loss, general ledger, etc.

If the numbers make sense, the plan is to approach the seller and attempt to get a lower price for this "2-story" building which has vacancies, since that's what the owner is selling.