I think it's a personal choice but you have to take on board the pros and cons of each.

I would get a CPA on board, file for extension for 2016, have them complete it and next year follow what they did and do it yourself.The biggest thing is to make sure you take the depreciation deduction and have it count as passive income, not active.

Wendall,Great intro.Good to have you on board.

Hey @Donald Holmes welcome, glad to have you on board!

Etc, etc, etc...Once he's onboard to sell you the property, establish the price you're willing to pay, get the property under contract, then go talk to his lender.

Thanks for listening and for finally jumping on board the site to introduce yourself, @Jordan Benson.

It took about ten years for everyone to get on board with agreeing to the final decision.

Many operators out there are getting investors on board by offering very high returns but are not focused on protecting the downside going in. 

Go over the comps in the current rental area, and explain that you love her as a tenant and wish to see her stay on board, but you must raise the rent to more marketable rates.  

If you make 100 offers and get one deal every no is just one more no closer to that 100th offer that makes you a mint.Hell I made 2 weird offers this week to lease purchase 2 different sets of rental houses and shockingly both seemed to be on board with the idea.