You know the old saying, your actions can dictate future events.You said in your message,"She makes 40K as a dietician but will be quitting or switching to part time when we get married."

The terms of the mortgage will dictate how it can be foreclosed in the event that the buyer defaults on the purchase.

@Kristine - we can charge late fees starting on the 10th (5% max) as well as documented collection costs (the court usually washes those away if it comes down to eviction) and we can dictate form of payment to some extent (unless the tenant is on assistance of some some sort).Rick

That type of info would be dictated in their operating agreement normally.

State LAW is what dictates disclosure of licensure not the Board of REators or NAR. 

Cash flow is one of many market dynamics that dictate price, immigration trends, foreign investment, interest rates are a few others that investors consider when making decisions.

I wouldn't suggest a trust, but an LLC.You would admit members and the funding would be from your capital account and the Operating Agreement dictates "loan" terms with interest from one member back to the company and your capital account.

About what you friend buys, could also be a great strategy, I would buy the type of inventory that fits your comfort level and personality, remember the location of the rental will dictate the type of tenants that you would have to deal with or your PM.

Let your process dictate which applicant gets the unit, not who says they have the most pressing reason to move immediately.

You need to dictate to the 1st how you want the payoff to be distributed.