They may get paid on the 3rd and need to not initiate a payment until their paycheck hits their account to avoid being overdrawn.I personally have a 5 day grace period and rent is considered paid when the transfer is initiated.

I'm willing to help this person in any way I can.

Even if the owner seems like a really nice person, they will micromanage the builder and not like the specs of the house the builder needs to do, and/or the timing in which the builder gets it done, etc. 

Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.

Does anyone have a good effective 3rd party mailing company to send mailers direct to seller?

I'm willing to help this person in any way I can.

My company scans and analyzes thousands of properties a day and I can say there are definitely better markets than others!

I personally use 40% but I'm also in a higher rent area.

There are multiple potential strategies it's just really going to depend on your personal situation. 

Hey @Scott Chauncey, for the 2 SMLLCs, as long as they are disregarded to your personal tax return you can have them within the same QBO.