Come time for eviction will it be more difficult to process with the rent being paid by the employer rather than the tenant.Make it crystal clear to the tenant that any issues with the payment of the rent the tenant will be held responsible.

You may want to convert to gas for heating the 2nd floor and upgrade the electric to accommodate baseboard heat on the first floor since I'm assuming you'll hold this property long term so you'll want to make heat the tenants responsibility.

I appreciate the response.

Depends on the lender, check your Loan Agreement, depending on the term and purpose of the loan, it will specify either monthly payments or a balloon at refi.Read anything on BP, they have the resources you are seeking

Posted this last week with no responses - looking for any advice:I moved out of a New York City condo, owned and rented out by an individual landlord.

But as it's a shared yard and has already been called to my attention as being unacceptable by the other tenant, I need to enforce the rules.His lease does include clear language and responsibility of cleaning up dog waste.

If that "boots on the ground" partner has the responsibility of handling the issues, they are going to want to provide a property where the management is as easy as possible....since they are the ones doing it.

@Brett C. your post here hasn't received many responses because there are hundreds of options with owner financing.  

Vacancy (figured roughly based off 5% of monthly rent): $70Rent: $1400Cash flow: $110Another pro to this is that my family will be taking care of property management because they live in the area with several other properties around that they currently manager for free of charge (I will be responsible for capex costs, but day to day managing will primarily be done through them).

So, in the instructions it says, because I am the sole member of the LLC, I am a Disregarded Entity, which means the entity is disregarded as seperate from myself for federal tax purposes.