I've done a lot of research and even worked on running numbers for certain options (just as an exercise), but I'm now looking forward to jumping in.

If you go to the Lease Agreement Forms for your state here: https://get.biggerpockets.com/forms/index/, at checkout, it will give you the option to Upgrade to “Become a Pro annual member for $213 more!

(Auctions and foreclosures can also provide great leads.)With $20K, hard money loans are a practical option, as they emphasize a property’s ARV over your financial history.

The best option is to respond quickly and professionally in hopes that they move out.I would give the tenant two options: 1. vacate the rental in one week, leaving it in the same condition as when they moved in, and I will refund their deposit within 72 hours; or2.

I was their best option.

We’re looking for Excel models to compare these options and calculate potential net worth in both scenarios.

Just one additional option.  

I would strongly advice consulting with an attorney or financial planner to discuss your options.

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?

We have three potential options.The first option is for me to completely owner-finance his purchase.