Well it’s nice to know you have options that’s good but do free and clear it’ll work out better in the end for everybody your son and me probably do have the same mentality real estate takes time and another 20-30 years who knows where anybody will be.

It's a chess game and everything has to fall into line, but, if it's meant to be, everything will work out.

It is capital intensive, and you need to have some reserves to deal with unexpected costs that will come up. 

I can't seem to work out how this would be a good investment for you. 

I think the BRRR method is a great option for you, you have the skills to do the work yourself and even have a great network to contract some work out that you may not want to do.

I always like to have a Plan B in case my original plan didn't work out. 

I could be all sorts of wrong with my assessment but I’m intensely intrigued on what others say, could be a solid area to consider that’s set apart from the crowd.

Sometimes it's better to wait for it to fall off, but if you cant wait the 7 years, then it might be best just to work out something with the creditor.

With your point made, I'd most likely have to work out either a higher than usual lease option fee, get the ok from the owner for any rehab done or a combination of both when negotiation with prospective sellers. 

This works OK for relatively static and simple investments like a private placement or crowdfund, but can become rather cumbersome and expensive with a more time sensitive and transaction intensive asset such as a rental property.