The Seller Carry definitely sounds like the best solution for you.Here's the thing, if he just wants a monthly paycheck and he has penciled out what he wants for the next 10-30years off the property it becomes easy for you to design a great seller carry situation.

.$560,000 grand total < 725,000> Net profit 165k This assumes you got 100% financing on the 470 build cost.. so your return on investment cash on cash with no money out of pocket is well pretty good..

Property appreciation is not as important, since at 61, I may be dead and buried before that is possible; maybe my children and grand-children will benefit from that!

Okay, this question really isn't that important in the grand scheme of things, but I was thinking about it today, and I'm curious what other people in the business think...I'm in the process of building my personal residence.

I believe he lost about 30 grand on the deal.

Therefore, the designation of "Non Owner Occupied" doesn't make sense.

We did turn down the lady with 10 crated dogs, even though my husband saw dollar signs, LOL.I would recommend that anytime you are renting to unmarried adults that you designate the strongest tenant as the primary.

@Jose Figueroa I look at these shows from the perspective of someone looking to learn more about the design elements.

on one hand you are showing me the independent contractor agreement that specifies that the guy is not your employee but on the other hand you are using insurance product specifically designed for employers"  that question might come during any employee/employer related lawsuit about overtime or SS premiums not being paid.  

I'm still unsure what my strategy is going to be, but I do know my overall investment strategy will one day involve real-estate, so I'm here to learn as much as possible.I'm also excited to see where my marketing, branding and web design skills can be married to the business/finance skills to be applied leveraged in real estate deals.