Be fair, but balanced.• See if they follow through on what they say they are going to do• When you do get a rehab, have a complete scope of work ready for them.

She can get a fair rate of return that is sure to blow away what parking it in a bank account would provide and you can likely get better terms than with a bank.We love using a lease option model when filling a home like this because we often don't need to do all the cosmetic repairs that a normal renter would come to expect. 

@Chris Trupiano I am using a company called RDC Capital that seems to be fairly investor-friendly, if you would like to check them out (they have things like interest only refi's, lines of credit 1MM and 3MM- you just have to have a net worth equivalent to 20% of the amount, so $200K and $600k respectively). 

The appliances are already fairly new.

Wanted to introduce myself ...my name is Isidro...i am from California, i recently got offered an opportunity to get into the real estate investing by my landlord...he has been doing this for about 15-20 years and offered me to work with him...basically i find/generate him leads...he puts 100% of his money, we buy homes cash, if i work on rehabbing he will pay me an hourly rate, and in the end he gives me 40% of the profits...sounds like a fair deal to me since i have 0 liability, i am not using my own money and he is an experinced investor.

I run a fairly large and successful lending business in NYC focused on commercial loans to small businesses.

This is fairly common in the Bay Area with the rents being so high.

Yes it is a Multi Family house Hack I live in the main part of the house they live in a attached apartment. check your city or state laws  but federally if your owner occupying you are exempt from federal fair housing laws. 

That seems fair.

@David LitzauYour numbers seem fair and it’s really nice that the lease is extended until 2020.