The cashflow seen during the mortgage can be considered a wash, from maintenance expenses, vacancies, etc. 

Im all licensed and insured so one hand washes the other.

Then the purchase of the life estate or prepaid rent or however you choose to structure it washes out to you as good NOI.  

Was able to toss HIM out, change the locks and, at that point, wash my hands of dealing with this felon business.Just as an aside...my own partners brother has spent years off and on in prison (mainly for drug related issues); a nice guy but a three time loser. 

Most will just wash their hands and walk away once they sell you the house.If someone is not wiling to spend 6 - 12 months educating an investor on the particular area and product they are selling I wouldn't be interested in working with them.Thanks

Oh, a word about tire kickers, I learn to love them, as the crowd had a few of them that day, though this gentlemen was not aware of who they are, or how many.Strange thing was, he rented from me for 12 years, his kids graduated college and grad school, he moved on, renting another place with their $200,000 combined income.

Get good quality sheets that will stand up to all the washing.

I personally, I think, the biggest factors to focus on when it comes to reducing turnovers besides location is providing amenities like in house wash/dry and private parking.

His mistake was he went alone and he was dealing with a mentally imbalanced tenant.

Why do I need to change a tire myself or wash dishes or mow the lawn?