, so the brother doesn't have this money tied up too long...if you have a principal-only loan, you will have paid down the loan significantly after 10 years, and can probably re-finance the balance; you'll have a good amount of equity in the property after 10 years (or whatever you negotiate) of renting it for positive cash-flow.Lastly, it looks like you're looking to buy for cash, essentially, when perhaps you should consider leverage - you could probably control this property for $5,000-10,000, which would provide some cashflow while building equity and enjoying tax advantages of property ownership).Thoughts, which I hope spark your creativity....best of good fortune to you.

Remember you don't have to own a property to control it.Good luckPaul

Remember you don't have to own a property to control it.Good luckPaul

Remember you don't have to own a property to control it.Good luckPaul

It is nice to have so many people in and around Rochester that I can look to for guidance.Dave, to answer your question I am interested in gaining access to the MLS, and I want to have more control over my deals when I start buying listed properties.

Think of it as a person with assets that you are assigned to control.

You get loan from someone else and then they sell it to fannie or freddie and you have no control over that.

I somehow suspect that once I have achieved success on that scale- that I will wish to continue to grow my portfolio... but i doubt it.I wish to make just enough money so that I can be in control of my time.

Remember you don't have to own a property to control it.

You have control over that, make it easy for them to expand, lower rents in a start up period and perhaps devise rents from gross receipts so the business owner has much less risk in expanding.The other way is build the business to go in there.