Whatever you do, I would use a shared approach to covering the added cost to keep the tenant on board with the idea that she is responsible for reporting any problems to you as quickly as they come up.

You will get reasonable good input if you approach the subject properly.

Being as they are my parents they would more than likely simply loan (no interest)/give me the money, but I want to approach it from a business standpoint A) to show them they would get better returns than just sitting in the bank and could be great supplemental income for retirement years and B) I'm not looking for a handout but truly trying to learn how to structure deals for private money in the future.That being said those of you who have partnered/joint venture would you be so kind as to share some of your different agreements?

We did not sign the papers until he went to the bank and brought back cash.

The idea of buying land and building my ideal house has been brought up by my parents. just looking to weight my options.

I am constantly approached about it, but I specialize in helping sellers.

I’m asking because I’ve been approached by several wholesalers asking me to sell the house for not much more than i bought them for.

This is how I started and know Brandon Turner is a big fan of this approach of starting out as well.Also a fan of the college town but being you are so far away you would have to hire a property manager to properly manage.

The deal structure is just as important as the price because you get more into the income approach versus the sales comparison approach with SFR.How hands on you want to be, what returns you can find locally in your market, and you long term goals are key.I have some clients that want more yield and are willing to deal with headaches to get it.

Account Closed I have been looking into doing that strategy, taking down the house myself, then turn around and resell it.How do you approach such a strategy with having a short term vacant house.