If the numbers work out for you, I'd say do it for sure.

Not because he is untrustworthy but because he doesn't view the rental as a business and likely does not have the records.I think I'm leaning more towards a fix and flip if the numbers work out because there are fewer variables on my first potential deal and I want to get started.

(The use of your rental income to pay the line back monthly or refinance the rental property to pay back the line) If so, did it work out well for you?

At first it might only be on a volunteer or commission basis, but over time you might be able to work out a deal where you gain some equity in exchange for labor.

Beware of demographically challenged areas or lowlife zones.Be 100% researched and it will work out great.Texas, Arizona, Nevada, Colorado and Cali would be my top picks for growth and rental demand.I am assuming you are buy and holding.Take care ,Matt

Please advise me can everybody introduce me the good property management company to work out my plan.

It dosent matter what you work out with the seller, those two things wont just go away no matter how you wrap up the deal or how pretty you make it sound with land contracts and property trust...There are no loop holes when money is do...Thats the reality without all the big words and red tape...If this financially makes sense for you and your family then go for it, i think its a great deal if you work it right...All just my opion...

If it does not work out I am sure you guys will hear about it !

Compared to if you saved your money and if the flip didnt work out, you would still have your primary residence.

If your numbers work out, this plan is brilliant.You should walk out with a few thousand in your pocket plus a nice rental producing about ~$200/month.