This would be the preferred method from the Buyer's perspective because they are receiving title upfront.

I would say when getting started get a mentor, or listen to enough information that you can make an educated decision on your own; however, do not get sucked into one exact method until you have tried a few of them. 

For short term ( 5-7 year plan), use the Double Declining Balance method - - and that's a bear to get right.Forget 'appreciation' as it is not realized until you sell and then you have to deal with Depreciation Recapture too.  

Hi Steven,Although every situation is different and more information about your specific situation would be needed to determine what is best for you, I always prefer the "house hacking" method for new investors, especially if they do not own any property yet.

@Barry Allen, I used the BRRRR method.

For instance, it's really easy to pull one over on a rookie by using a non-customary tax proration method or non-standard assignment title policy costs.

We hope to post my first success story this year in the Success Stories Forum.We are still in the research phase but we know we are interested in the BRRRR method to start out. 

The landlord under me has her occupied for $875 but hers is updated with nice laminate floors, tile in the kitchen and bath, updated counter tops by miracle method, updated appliances, nice paint on walls and trim, etc.

The LLC is nice; but it will hurt with funding later, especially if you are doing a BRRR method.

Since texting isn't likely a required method of communication outlined in the lease, I'd just block his texts at this point.Its definitely time for an attorney, and I'd recommend using someone who is a heavy-hitter as a landlord advocate so that any silly half-baked attorney this guy hires will get the idea that you mean business and know what they are up against.