This is an option but a pretty big administrative burden.I counsel on this exact senerio 1-2 times a quarter. 

And its normally done that way in strong rental markets like the bay area so most of the potenal renters are use to that anyway .I predict the Sacramento rental market will change alot this year and in the next 3 to 5 years along with the rising home prices and low inventory on avalible homes to purchase.Sacramento rental market may get some growing pains. 

Huge pain!

These are some good questions for uncovering additional pain points that you can use to position yourself as a problem solver:Why hasn't the home sold already? 

When its all said and done, the costs of administration of a 35 year contract will be more than twice the cost of a 17 year contract, allowing a higher present value to be disbursed today.That's how I see it.

Same story with the 203K, as I heard that these are a huge pain given FHA/HUB requirements for using properly licensed contractors (which my family members are not btw). 

Brian, what would be a practical example of a partnership with your own IRA where it is not needed (but wanted) (and worth the administrative burden and risk)?  

Then, the return on that investment tells me how fast (or painfully slow) I get my investment back...and actually start to make money.I'm only interested in the cash on cash return, or cash flow, since both of those profit gauges tell me how much actual money I am making...now.This makes more cents (dollars) to me since my business model requires that I get all my cash back before the end of the year...most of the time back within a few months.

Lessons: 1) Everything takes longer than you think- just factor that in.2) Getting your part list down the first time is painful.  

I'm also currently finishing my bachelor's degree in Commerce and Business Administration.