You'd start with it performing that way and not a cash flow burden while you fix it up. just a thought Hi David, I have given that idea some thought but the 2nd unit tenant can't possibly be human.... 

One big part of the success of this is the human element of getting a reliable tenant.

Human nature is to think "this won't happen".

I am also a human being."

I think that this new investor should: - Save as much as humanly possible to have more and more cash to potentially put in the deal with each passing month. - Obsess over real estate - analyze dozens or hundreds of deals, read books, listen to podcasts, post in this forum, etc.

But, here's my statement of thesis for today:We might be in a bubble is - we are taking investment advice from Jesus ... hahahaJust make good investment decisions, leading you to making lots of money, so you can be charitable, help people, improve your communities, and be a good human in general.

I don’t make your state laws per se but I wouldn’t do it prior to ownership simply because of human nature… both of the tenant and former owner. 

People just give up on other humans who are different than them.

Another one offered 75k but again its all up front and they want house as collateral.Anyways...next step is calling Trustco commercial division and see if i can get a human on the phone (no luck so far.)

When was last time we had a one mile human line at Costco?