Here’s a recent real world example. . .This deal was put together by my former student, current friend, and now successful real estate investor.Source: expired listingLocation: investor, Florida; property, IllinoisType: long term lease option via a sandwich leaseTerms between investor and homeowner:a) 48 monthsb) option to purchase price $135Kc) rent, $1200d) cash out of pocket, $0.

I currently have 2 long term rentals, looking to add more cashflows.

And yes, as long as construction prices keep increasing while home prices drop or stay steady, it does not make sense to build spec. 

I'm Melissa Pearson from Des Moines, Washington, I've been daydreaming about real estate investing for as long as I can remember.

So, if you felt that was the price range and chose to come in on the lower end of that I would stick with that and enjoy what will hopefully be a LONG LONG tenant stay. 

Again, please read thoroughly the statutes, they should outline if you must or not keep separate, of course interest or non interest bearing, etc… As long as it does not specify “where” you keep the account, you should be able to put that in your brokerage account.Here in Florida, we can’t commingle accounts and must reconcile each month.

Long story short , didn’t do my due diligence .

I can tell you from experience the real challenge is the distance between the lots/homes.

The entire effort took way too long, took a lot of work, took a lot of money.  

A property a long distance away adds significantly to the due diligence process and greatly to risk when bought sight unseen.