Wendall,Great intro.Good 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.

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

Conversely, many here on BP take their $100-$150K all in and do 2-3 flips a year for a better return, better rental numbers if stuck and gain a free and clear asset to leverage for return of capital putting one in more of a drivers's seat than passenger seat.As a very successful investor told me early on, "Deals are like buses, another one will come along."

There might be some money in your project but you really need to sharpen your pencil, and get some real knowledgeable people on board.

Glad you're on board and we'll see you around.

Good leases help but not nearly as much as screening your tenants.Watch out for inherited tenants-especially those who came onboard close to the sale date.

I'm joking of course.In all seriousness, I think it would be a good idea to find out exactly why she is not on board.

I wouldn't count on getting a lender on board without some very specific assurances that you can do what you're intending.

As an aside, the city that I live in has grown very quickly over the past 5 years, and I'd love to begin with a first unit to rent to simply get started along the journey.I'm currently seeking any worthwhile RE associations to join and network with, and will take on board any advice and recommendations the Bigger Pockets community is willing to share.