If I were in your shoes, I wouldn't worry about trying to explain it.

After a year of study, working with a mentor and buying two rentals, you would think this wouldn't be an issue but my guts are tied up in knots thinking about the calls coming in and the logistics of putting an actual off-market deal together!!

I believe attracive areas are not tied to one particular school, but to a number choices covering elementary, middle and high schools. 

If you can get 275k out of it, which it sounds like you can (be it from your relative or on the open market), you are essentially tying up that capital for a $1300 a month rental income.  

@Lynn Burson   Yes I have owned hanger and rented hangers and tie downs..I would consider developing and owning hangers as one of the better rental investments one could make.. the issue is finding the dirt.. as many times the dirt is city or county or state owned. 

However, because it involves land acquisition as well it ties up a lot more $$$ and financing can be very challenging.

@Michel Steeleyou might want to change the title of this and say anybody know anything about Cody Sperber versus attack of the gurusYou live in Florida and Florida is pretty specific, I would get my real estate license and find a good real estate attorney in FloridaOnce your licensed, you can do anything creative if you want, like subject to, Wholesaling, retailing, lease assignments, Florida has some rough rules about not being license and tying a property with option contracts, like criminal rules@John Thedford@Wayne BrooksJohn and Wayne are seasoned real estate licensed individuals in Florida

If we do that I would have full disclosure to you and confidentiality etc etc"You don't have to tie the house up, you do not need "Equitable interest" in the property.

I wasn't able to get that funded, so I got my money back, but they didn't want to tie the deal up without some assurance I could close, if I could get it funded.

. :) My question to the brilliant minds of the community is... the guy is insisting i use an MLS land contract for the deal and I have pushing to use my one-page contract, what would you use to tie it up?