Contracts tend to be one month initially - though 3 months is possible, and they typically do extend to 6+ months but they rarely start out that way so you'll have trouble satisfying the HOA requirements.

ROI including equity: approximately 37%.Personally, If I could get it financed I'd be satisfied with the potential return.

And what kind of record keeping system satisfied the Tax Court Judge?"

Some even work at places that make a donation to the Wounded Warrior Project, or similar, every time they fund a VA loan.Spouse can satisfy the occupancy requirement.

So since she doesn't want to charge me interest can it be/should it be a minimal amount just to satisfy the IRS?

Couple thoughts:- the rents done even come close to satisfying the 1% rule ... 1% x 600k = 6k/mo- What are you going to do if 1st lender accelerates based on the due-on-sale clause ... unlikely but something to plan for?

I just did my first one for a modest sum  just to get my feet wet with a college friend who started his own commercial firm in the DFW area 10-11 yrs ago -- the building I'm partners on doesnt excite me at all - but it is right in his niche and he's done others like it so I'm trusting him and all their numbers and questions I asked satisfied what I was looking for. 

He or she will also be able to advise you on the wording of the letter so your letter will satisfy all the legal requirements of a Security Deposit Reconciliation and a Demand for Payment. 

But from what I see across the country I am satisfied that they are reputable your money wont go missing like what happens to so many people trying to BRRR from out of state.. etc etc.so that's my thoughts on the matter as a current client.. like I said no one is perfect in this industry myself included..

An example would be all judgements, liens, and etc. shall be satisfied, paid in full, and proof of payment(s) or resolution(s) must be rendered prior to executing your option to purchase or purchase.