Or rent control: most out-of-staters see it as a bane that no landlord would willingly subject himself to, whereas seasoned LA investors know how to use the ordinance to their advantage.I would say this: given your age, current living situation, and that offer from your uncle, it comes down to your income outside of real estate.

Stabilizing your monthly expenses by getting a mortgage/house hacking and now no longer being subject to rent increase is a great idea.

I have funds out of my own pocket going hard to get the deal under contract.Raising capital is a really broad subject.

I’ve never done it, but….The current “purchaser” doesn’t own it, so he can’t sell itThe current “owner” can’t sell it free and clear since it is subject to the land contract Ask a local attorney, or maybe your loan officer.

You need to have a policy for whom you will accept and reject.This way, you are not making subjective decisions, which exposes you to liability for rejecting someone.

A few options you might investigatehome equity line of credit on your personal residence, assuming you have the equity to do socash out refinance one of your other investment properties, again if the equity is therecross collateralizing all properties with the new subject property in one loan to decrease the total LTV (blanket loan)you mention partners.

Your rights and abilities are clearly outlined in your contract. 

That is a subjective number, only you can determine that.I personally don't consider a property a good rental if it does not cash flow well (minimum of $350/month for sfh) while fully leveraged.

I think one of them would be a Subject To agreement from your brother to an LLC/partnership that you and your brother create that would allow the loan to stay in his name but the LLC would operate the property and earn the cash flow. 

@Paul Tibok - Go with the FAR/BAR Lease, it is the one I prefer because it is balanced and it clearly outlines responsibilities and recourses for both sides.