Have a great rest of your week!

After sale, seller received agreed upon portion of profits + "purchase price" -- we took the rest.

Neighborhoodscout.com says 62% of the population is economically disadvantaged as compared to 24% for the rest of the state.

I don’t suggest Minneapolis, but the rest are safer.

We are definitely looking for a tax person to "officially" handle these issues come tax time but I was curious how you guys/gals would handle it.

Investors welcome, doing video tour this wknd with Opendoor for official offer.

I’ve worked with my GC on several deals and he has approached me about wanting to work together.Essentially it would work something like this…1) My LLC purchases the property2) He will only charge me COST on the labor and materials (no profit or markups) which will save me around 30% on regular contract figure he gives me in my market which is very expensive3) He will also make 300k of his own liquidity available to inject into the deal (I will put some of my own cash in and get a HML loan for the rest).

Hoping like many to become a real estate investor over time, but for the moment I had a question which I'm having a lot of trouble figuring out:What would be the best / most appropriate insurance configuration in this situation:- My wife is the title holder for a single family home- She does not live at the home - Her parents live at the home, rent free- Her brother pays the mortgage on the home and he plans to rent out two rooms in the house to long term tenants (strangers)- Her parents will continue to live in the rest of the home, rent free (this is fine, just putting it here in case it affects the insurance)- My wife and I are able to visit the home at any time and do so regularly to see her parentsAll I want to make sure is that we (my wife) are covered from all angles on insurance.

I feel like if it is explained to me one time with allowing me to ask all my questions, I would understand it for the rest of time. 

I had a great idea from an awesome gentleman on here named David which is to sell him the option for 2k now and the rest of the money as a lien or whatever at closing.