I invest money in low turnover mutual funds this way most of the money grows tax deferred.

I think it would be beneficial because I need experience landlording, and want to start small with a single family.

Do not be surprised if you hear from me in the next week or so just to see if we can start up a mutually beneficial relationship.

Anything more than 10 or 15 per meeting and it will be a lot less beneficial.

These are not mutually exclusive ideas.

Listen I know you're in the hospital and it's a touchy subject but I haven't gotten your last payment and I have bills to pay.Since you're no longer using the apartment and probably will need a wheelchair friendly apartment when you come out of the hospital, would you consider us mutually agreeing to terminate your contract?

As I understand it, this can only happen when there is a mutual decision to terminate the lease, the current owner buys out the lease, or the lease comes to a conclusion that the seller then will not renew.Hope this helps.C

Also wondering if the first property should be close to home or ok to look out of state if more financially beneficial?

v=258RirsQDMESpecific to my situation, I would be closing on the purchase contract with a land trust with an uber trusted friend as trustee.My family member would create their own land trust, have their own uber trusted trustee, and write up the option contract.Being a land trust they would just be contracting for my beneficial interest of course.I view this strategy as having the following benefits:1.A little privacy (yes, I’ll won’t mistakenly pay the taxes in my name :)2.Locking in the option price of the property at the lowest possible denomination for future transfer before appreciation racks up.3.Protects equity growth from appreciation…not as good as a properly executed friendly shared appreciation mortgage but still a minor deterrent for (frivolous/abusive lawsuits).4.The option will need a buyback or cancel clause I could execute & record the wipe in event that I want to 3rd party refi/collateralize/ELOC the property.A later option could again be recorded after the refi etc.I have a zillion tedious but relevant questions regarding this strategy I’ll add following this lead post.FYI Like I said I’ve got the SLCC & liability insurances under wraps.I really want to pick apart the friendly options strategy so I can help detail considerations to other investors otherwise considering the use of friendly options.

What if you get the mutual friend to put some pressure on him, have your other friend tell this guy he's taking advantage of you and he won't remain friends with this guy if he doesn't move out of your house, etc.?