@Anthony Hummel I'm curious - what does it entail Platinum Member with ABA and what structure are they proposing to you for what initial setup cost and ongoing maintenance costs?

If you want residual income and not sell with no hassles/maintenance- look into a mortgage wrap .

The property was built in 1920 so it’s not perfect and will need maintenance.

Assume an accredited investor and no securities law issues for simplicity.1) Homeowner pays for a legitimate appraisal.2) Homeowner grants the right to Investor to receive 10% of any appreciation above the appraised value when and if the house is sold.3) In exchange, Investor pays the homeowner an amount equal to 10% of the appraised value, with 20% down and the rest on an interest-only promissory note held by Homeowner.4) The note bears interest at Prime + 0% and does not have any origination fees or prepayment penalties.5) The investor gets credit for 10% of the eventual net proceeds from sale with the net being 10% of net sales proceeds less the remaining balance of the loan.6) If the investor defaults on the loan and fails to cure the default, the claim on the equity is forfeited.7) The homeowner remains fully responsible for costs of maintenance, insurance and taxes, but this is offset somewhat by the interest on the loan and the cash received upfront.8) Presumably if there is a gain beyond the homeowner's basis, there is no tax for now unless the proceeds exceed $250k for an individual or $500k for a couple.

We are looking for the following capabilities:accepts tenant paymentstenants can submit maintenance issuesgeneral ledger for landlordtrack expensesrobo calls and emailslandlord/tenant email capabilityIf anyone has some suggestions I'd be so happy to hear.

At $788 you are only at $98 / unit.2) I see you have only 10% listed for repairs & maintenance and nothing for cap ex.

One concern is there’s deferred maintenance on both.

My wife, 10 month old son, and I have an opportunity to move from our current home into a rent free home where we are only responsible for utilities and maintenance.

We also manage and pay all maintenance on the building. 

Regarding tenant - You still need to do proper property management, including periodic maintenance inspections.