Give him a mortgage at 1-2% over the underlying mortgage so you make a bit each month.What happens to optimistic but financially weak folks is that they get into a deal like this, have a job loss, they get into substance abuse or some issue and they can't finish the house, or continue payments.  

It may not be just a matter of cleaning up after a death,  it may be a hazardous substance issue.   

Some of the tenant base in Richmond can be difficult to deal with due to a rise of substance abuse but that statement is reflective to most areas of Kentucky in general.

If they don't want full market exposure, Sin Stocks and addictive substances (like booze, cigarettes, casinos, coffee etc) are almost always a good bet because people will spend money on them even when they shouldn't.

This is the most open informative site you can come across for networking and overall substance of REI materials !!

Before you can truly understand the answer to your question, you must first learn and understand the differences between the follow:1 - Cash and Leverage 2 - Good debt and bad debt3 - Cost and Expense4 - Cash and "Cash Like Substance"5 - Using Partners and Not Using Partners6 - Time and Money7 - Money = Noun and Money = Verb8 - Plans, Goals and Milestones9 - Cost of your time and the cost of others time10 - Being Rich and being wealthy

I usually like to read the "Trending Discussions", but this nonsense of Mike talking to himself for 10+ pages across various threads is getting old.Very little substance on an otherwise great topic.

If the members structure and capitalization stay the same there's probably no problem with immediately since that is easy to show intent, chain of ownership and consistent taxpayer in substance.  

We don't want to be poisoning our new home owners with toxic substances in the house.

This is not enough information for anyone to provide any input of substance.