Here in Metro New York kinda similar situation to Bay area, many singles, very high apartment rent, and house sharing is alternative to that.

I'd alternate each of you having a mortgage in your name and his in properties that are very similar, so when the partnership dissolves and it will, because nothing is forever, you each will have equal assets to walk away with.

It stands to reason that the folks lending from their self-directed IRAs are not overly experienced or familiar with the marketplace, since there is an abundance of alternatives that offer a higher yield for the same or less risk.

Yeah, I'm calling the tenant tomorrow to discuss alternatives to checks in the mail.

So the expense is a 12 month expense and the income is a 12 week income.One alternative would be to focus on a warmer location that has a longer season.

An alternative is those solar powered lights designed to light walkways etc.

Account ClosedOr another way of looking at it... if there is a cap rate of 10% and the expenses just rose $11,000 per year in increased flood insurance premium, then the value of that property just declined $110,000.I would be EXTREMELY cautious about buying any flood area property as the costs are slated to rise in successive years per the law, and I would be looking to get out of any flood property now before rates increase every year down the line.There is the possibility of getting a personal flood certification that shows your property not in the flood zone, but that costs money and must be accepted also.Another alternative is to raise the property.

The fact that an LLC can be pierced and offers questionable liability protection for the individual(s) {natural or entity} who own it, and the comparatively litigious nature of the U.S.A., is why we do all business in the U.S.A. from a Canadian corporation (i.e. we would never own a U.S.A. corporation or LLC directly in our own names).

It did work out though.Dealing with people and their needs is the nature of the real estate business.

any other alternative?