Why don't you make an arrangement to lease it to him for 30 years and then he'd  own it, if he defaults on the lease that he loses the right to buy itMore of a right of first refusal with a Long term leaseThe CFPB protects consumers and you really don't want a headache owner financing someone with inferior knowledgeI wouldn't give him a 30 year lease , I'd give him a 12 month lease with extensions@Bill Gulley

I'm a musician myself and I think lots of us don't take into consideration that we won't be able to rip and run forever!

The so-called 2% rule is a different benchmark of the same metric.It does not provide any useful information about the quality of the asset: how much of that gross revenue is consumed by operating costs; what is the age and condition of the asset (is it functionally obsolete); etc.?

It will likely remain a rental forever unless you can add a bathroom to the master.

Until then, here's some info on the eviction process in California that might be helpful:California Courts Eviction Process for LandlordsCalifornia Dept of Consumer Affairs: The Eviction Process

@Andy VogtDriving for dollars is another way, time consuming but cheap.  

Should be interesting to see how it all works out since there will be so many new changes affecting so many aspects of the deals.Good faith estimates will be goneHUD1's will be goneRedisclosure time periods should be interesting for agents in the field when having to deal with title companies and lenders that are not prepared for the changes.Over all I think it is a better system for the consumer which is most important but many will not be prepared for the changes and it will still affect deals of the experienced agents due to the other side of the deal not being up to speed.In real estate you have to roll with the changes and adapt.

Plus when poison is used the mice will die in the wall cavity and be stuck in there forever.

investing but I am in the over analyze the hell out of everything and probably scare myself into sitting on the sidelines forever phase.Can you all help me answer a coupe questions?  

Are these verified by tax returns and rent rolls or just their word.Did the previous owner manage are you planning to forever?