You could set up a “deferred down payment for 12 months” or have a stepped up down payment (so much per month until number is met) It's really whatever makes sense for the two of you.Things to consider, property taxes have to be paid, repairs have to be made, vacancies have to be accounted for, insurance has to be in the name of the person on title.

Personally, I would go after base hits 

I personally have not invested in a property like this before.

If the person or service is fantastic, there is potential for A LOT of business (~160 turns per year).

@Katelin UhinckIf the commute is an issue you could buy a property that cashflows to go toward personal expenses and still have the long term benefits of having renters pay off the mortgage.

@Ashley DennisI think people should consider owning real estate personally (tax benefits) and inside of their retirement account. 

they can install the meters and handle the billing. 

personally I want to add 1 bed and 1 full bath and make a large, finished gym. but should I add another bedroom and have no gym?

Personally, I rent out properties that I personally would live in- and I carefully screen my tenants.

Personally, I think curb appeal is low on the list for MTR success.