Ideally I would not live next to my tenants but I am just starting out and would like to begin with multiple units.

Just remember, no one is looking out for your interests like you are!

The N/P can own all the properties and you manage, if there are 100 units all over town, that's a good take down from management and remember you'll have boots on the ground to help, so you are an adminstrator, not a landlord so much.You can own the properties and sell to the N/P and carry back or use a long term lease to the N/P, probably your best interest with an outside LLC.The N/P can initially buy and you can repurchase from them working in the arrangement with your management.

If I remember correctly, you did quite well as a long distance landlord.

It certainly wasn't there a year ago, but the tenant cannot remember when they saw it first time.It has yellow borders, about 12 inches in diameter and is not soft or damp or moist (it was raining hard a few days ago).

One thing to remember is when you quit your job, you are relying on you to be the money maker.

Have a similiar situstion with credit line at prime but remember when it was 8.5% not all that long ago.Credit lines are best used as a back-up source of funds and not for long-term.When your credit line expires apply for a new one.

Now I don’t, matter of fact I honesty can’t remember the last phone call, you know angry phone call; I got from an agent.

If I remember in basic accounting classes, if you buy back debt you owe at a lesser value than what it was issued at, that is considered a financial gain in the IRS' eyes and we know what the IRS does to financial gains.I'm not 100% sure, that's why I would think its worth a few hundred bucks to find out from a professional.

You also need to remember to make sure depreciation is calculated.