It wasn’t on the lease, and it was starting to rot, posing a safety hazard.We knew tearing it down would cause an uproar, so instead, I suggested something a bit unconventional.

I would also suggest YouTube if you like to watch vs read.

I would suggest reaching out to owners of multi family who have no loan on the property.

I would love to hear more, and dive deeper into suggestions with a little more info.  

Suggestions on learning more about contract for deed?

Taxes is not my area of expertise so I suggest readers consult with their own tax advisor on this subject. 

@Joe Villeneuve @Theresa Harris, thanks a lot for taking the time and provide some info/ideas/suggestionsTo give you some color for these properties, there is a 15 years-plan that my wife and I are planning to have arround 5 to 7 properties in the same $$$ range (-+ $200K) that we can rent them around $1600-$1800I believe after 10 yrs, I am expecting to a better cash flow considering some loans will be paid in full, but maybe the next properties will have as you suggest 30 year-loan. 

And I’d like to build the single family home and refinance with a dscr loan.would anyone have any advice on this or suggestions 

There’s no shortage of properties that could benefit from your expertise, and using your team during slower periods is a smart way to build equity and maximize returns.If you’re considering your first project, I’d suggest looking at duplexes in Belton, MO.

Not sure if the upstairs tenant (heavyset person with a dog) plays a role.Seeking suggestions.